David Concannon hath declared on Wednesday the 08 day of December 2004 :-:
Heh... RedBrick Holdings Inc.
First redbrick, then the world...
1) Potential for tourist or continual rental.
2) Growth in terms of tourism or planned development:
I'm not too sure about 1. Seems like it would involve a lot of fekking about for perhaps limited gain. There would only be a potential market for a few months a year.
Thats very true, part of the benefit of that though is that we could use the house ourselves for the winter. Rental income in the summer would be around 650+ euros a week, and more for bank holiday weeks / weekends. That should cover the majority of the mortgage for the year (if you take the 17 or so weeks from June -> September, tack on new years, weekends, and other bank holidays to that.) Probably renting to students or professionals would be more secure.
Maybe something along the lines of Buisness premises or land might have more potential, I dunno...
Land probably isn't such a bad idea, buy strips up somewhere quiet and hold onto it for a few years.
Going down either route would involve more work than a fund where you simply invest and wait... Perhaps we could take it on ourselves or may have to pay someone to manage it...
There's a definite trade off between the amount of work involved, a house would be a good bit of hassle without a management company to manage the rentals. Dave