BlueSkyNick
Active member
SWMBO and I spent last week on the Costa Blanca, partly to chill out (which we did in both senses!) and partly to consider our work-into-retirement planning.
We rented a wonderful apartment owned by Steve_Clayton of this forum, and SWMBO Lizzie (check out their website ) with views from 400metres above sea level.
Of all the places visited, we prefered Moraira and El Portet next door, and found what type of properties would be affordable. One of the estate agents had told us the marina has a very long waiting list, so before leaving we thought it prudent to put our name on it anyway, as long as there was no significant cost.
On visiting the marina office, we were told there is no waiting list at all - basically each berth holder has a shareholding in the marina which were all sold over 15 years ago. You have to wait for somebody else to sell, which is often because they are giving up boating for whatever reason, and they will only sell you the berth if you buy the boat that is on it! Apparently one guy put his boat in Denia just up the coast and when a berth in Moraira became available, bought the berth - and another boat identifical to the one he already owned!!
The investment opportunity is to buy a berth and rent it out privately, as there will generally be worthwhile growth in the capital as well as an ongoing income from the rental.
So how much do you need to invest? If you have anything upwards of 120,000 Euros to spare you might be in with a shout - assuming you can find somebody who is selling /forums/images/graemlins/shocked.gif /forums/images/graemlins/shocked.gif /forums/images/graemlins/frown.gif
Makes the Solent marinas seem cheap, dunnit?
Now back to the atlas to carry on the retirement planning! /forums/images/graemlins/confused.gif
We rented a wonderful apartment owned by Steve_Clayton of this forum, and SWMBO Lizzie (check out their website ) with views from 400metres above sea level.
Of all the places visited, we prefered Moraira and El Portet next door, and found what type of properties would be affordable. One of the estate agents had told us the marina has a very long waiting list, so before leaving we thought it prudent to put our name on it anyway, as long as there was no significant cost.
On visiting the marina office, we were told there is no waiting list at all - basically each berth holder has a shareholding in the marina which were all sold over 15 years ago. You have to wait for somebody else to sell, which is often because they are giving up boating for whatever reason, and they will only sell you the berth if you buy the boat that is on it! Apparently one guy put his boat in Denia just up the coast and when a berth in Moraira became available, bought the berth - and another boat identifical to the one he already owned!!
The investment opportunity is to buy a berth and rent it out privately, as there will generally be worthwhile growth in the capital as well as an ongoing income from the rental.
So how much do you need to invest? If you have anything upwards of 120,000 Euros to spare you might be in with a shout - assuming you can find somebody who is selling /forums/images/graemlins/shocked.gif /forums/images/graemlins/shocked.gif /forums/images/graemlins/frown.gif
Makes the Solent marinas seem cheap, dunnit?
Now back to the atlas to carry on the retirement planning! /forums/images/graemlins/confused.gif