A finance graduate, Ronan McMahon worked in the e-business consultancy and dot-com industries before joining International Living as Real Estate Marketing Director in January 2004. Ronan has been an active real estate investor since his early twenties and joining International Living gave him the opportunity to marry his personal and professional interests. Last year Ronan took up the position of Executive Director with Pathfinder. Pathfinder is International Living’s preferred Real Estate advertising partner. Pathfinder scours the globe to find the most unique and value-oriented real estate opportunities.The Upside of the Downturn in Property Markets
Written on September 18, 2009 – 6:33 am by International Living
By Ronan McMahon
Distressed or crisis opportunities in some European markets are one of the hottest plays on my radar today. This is an opportunity we have because of the current economic crisis. I’m talking deals with discounts of 52% on list prices or 40% on official valuations. Deals in blue chip locations that will immediately throw off positive cash flow. Deals in locations that will be the first to recover once market sentiment changes. Deals where up to 100% financing may be available.
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