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Roger Hall
Posts:2
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| 02 Oct 2006 04:08:56 |
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| Perhaps someone can help me. I'm looking to invest in more property and a number of people have suggested that I'd be better off investing abroad than in the UK. Can someone with experience please offer some wise words about which might be best? |
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giorgiano
Posts:1
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| 02 Oct 2006 06:39:53 |
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Hi Roger, it all depends on the location, the sum and the term of your investment, long term 15-20 years or short 1-10. It also depends where in UK you could invest instead.
I live in this country and own properties here as well as in Italy and Greece.
Feel free to reply and ask any questions, i hope i can help.
Gio |
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shaunmurphy
Posts:6
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| 02 Oct 2006 06:40:59 |
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If you invest abroad you have to learn about the system in that country....thats not easy...
Then you have to have some sort of representation in that country if things go wrong....
Speaking the lingo is essential you will probably find.... |
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Roger Hall
Posts:2
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| 02 Oct 2006 08:10:04 |
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[quote]Posted By giorgiano on 02 Oct 2006 06:39:53
Hi Roger, it all depends on the location, the sum and the term of your investment, long term 15-20 years or short 1-10. It also depends where in UK you could invest instead.
I live in this country and own properties here as well as in Italy and Greece.
Feel free to reply and ask any questions, i hope i can help.
Gio[/quote]
I haven't got any fixed ideas, either in this country or abroad, it's just that so many people are saying that we've reached the peak of returns here and abroad may offer better returns. Before I did a load of work on it I thought I'd ask for a few pointers about the pros and cons either way. |
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Davenjon
Posts:3
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| 04 Nov 2006 12:16:17 |
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it all depends on you, your expectations, your 'risk strategy', your long term plans, etc? So no one can really answer without knowing much, much more about you.
Me - well theres no way I would invest overseas! In fact theres no way I'd invest further than 25 miles from my home town. I know the market here. I manage my 4 properties myself and know how often I am back and forth to one or the other due to changing tenents, 'issues' with repairs or problems (they are new apartments), etc. I see programmes saying things like 'Liverpool' is the new hotspot, (or whereever) and I think how difficult it would be to know whats going on, all that trailing to and from, etc. So overseas - too scary for me. Too many variables that I can't control.. Works for others! |
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kelvin jones
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| 12 Nov 2006 12:08:05 |
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| Hello Roger,I own and rent 15 properties which are all within 5 miles of my home.It has been 8 years since I started and I am now thinking of selling and buying abroad. I have visited spain, cyprus, turkey over the past year and I am making a purchase in turkey at the moment with a view to buying more.In my opinion the gains will far outway any rent that can be earned here (I dont feel there will be much gain in the uk over the next few years, more likely a slight drop in value in the short term)I will however say that you have to carefully select your country and location, learn the local laws and rules,look into the tax implications if selling and renting, cost of flights etc and also decide where you intend to be in the future. If your are starting out it would probably be safer and easier to start near home town, but If you put the right effort into buying abroad and do your homework,there is no reason why it cannot work.Once you find you country and location, never buy until you have had a number of visits and also thought things through. (distance from airport important)My personal tip is Dalyan / Gocek which are both 16 miles from Dalaman airport.Feel free to ask any questions. Krjmrs |
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