mtong1966
Posted 7.49AM
Tue 14 Aug 2007
I am in the process of buying a off-plan apartment in Cape Verde and the estate agents I am dealing with have offered to rent out the property for a fee. However, they say that I have to buy the furniture from their preferred local supplier and that the rental return is only guaranteed if there is a minimum occupancy during the year. My question is do I rent it out or sell the property before completion? I have never rented out property but I have have bought and sold an off-plan property before. Is it worth all the trouble to rent it out in the hope that property prices soar in Cape Verde in the next 5 years or should I just sell for the short term gain? 