According to Hawkins, many issues still need to be addressed to unfreeze the condotel market. For instance, the issuance of a comprehensive decree or law for condotels, defining what a condotel is in contrast to other tourism properties. Further issues regard investments, payment guarantees of promised property returns, non-recourse mortgaging permissions, especially for properties with a contractual revenue stream, and legal reviews of the investment documents by qualified lawyers. … [Read more...] about Brighter condotel future set for both investors and buyers
