General Discussion: Property thread


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Rez
Rez avatar

7896 posts since 5/4/09

15 May 2019 11:46
I'd do a building survey for the sake of a few extra hundred quid, peace of mind isn't it.
swede
swede avatar

7701 posts since 21/3/09

15 May 2019 11:52
harveys rich
Trent
Trent avatar

1817 posts since 18/1/09

7 Jun 2019 08:53
Long shot - anyone (or family) own property overseas as a holiday home?
Longer shot - anyone =bought or considered buying in Turkey?
illwill
illwill avatar

3404 posts since 17/5/04

posted 7 Jun 2019 09:03, edited 7 Jun 2019 09:03
PM R
sodomgomorra
sodomgomorra avatar

1314 posts since 24/3/14

7 Jun 2019 11:30
Property is theft.
andymakesglasses
andymakesglasses avatar

20101 posts since 26/1/06

7 Jun 2019 12:14
If you were going to invest in overseas property I'd advise doing it in a stable democracy.
Trent
Trent avatar

1817 posts since 18/1/09

8 Jun 2019 15:54
Turkey was just a question really, I bet all those people that invest in Croatia / Montenegro are laughing now. I'd be interested to know where anyone had bought.
Dee
Dee avatar

11032 posts since 22/11/07

8 Jun 2019 16:55
Cyprus is steady, apparantly bit of a race for drilling oil nr Paphos, theres issues with Turkey but I heard that theres plans for two extra platforms which could drive the local economy up even more. Prices are increasing for apartments and small villas. Quite a bit of Chinese and Russian money going in.

They drive on the same side of rd too.
illwill
illwill avatar

3404 posts since 17/5/04

posted 8 Jun 2019 17:12, edited 8 Jun 2019 17:12
Surely investment in holiday property is very high risk.

Your priority has to be that its actually somewhere you love to visit.
Trent
Trent avatar

1817 posts since 18/1/09

10 Jun 2019 07:25
illwill wrote: Surely investment in holiday property is very high risk.

Your priority has to be that its actually somewhere you love to visit.

Maybe in Turkey it's higher risk yes. To bring a little context to it though, this is what 125k gets you.
https://www.rightmove.co.uk/overseas-property/property-52898946.html

Anyway I'm sure that other places are available in more established countries like Spain or Italy.
Trent
Trent avatar

1817 posts since 18/1/09

10 Jun 2019 07:26
Dee wrote: Cyprus is steady, apparantly bit of a race for drilling oil nr Paphos, theres issues with Turkey but I heard that theres plans for two extra platforms which could drive the local economy up even more. Prices are increasing for apartments and small villas. Quite a bit of Chinese and Russian money going in.

They drive on the same side of rd too.

I've heard about a few places given out passports on property investments so probably some of the East set to move-in too.
Dee
Dee avatar

11032 posts since 22/11/07

10 Jun 2019 08:24
Cyprus have been fast tracking those for a while, my old dear lives there so tend to visit now and then. Cost of living is cheap, local annual council tax is approx €300 paid to the local mufti, bins emptied twice a week €2 a pint, good healthcare and property is good value at the mo, can see why the expats look at it as a good place to retire/invest.
illwill
illwill avatar

3404 posts since 17/5/04

10 Jun 2019 08:38
Trent wrote:
illwill wrote: Surely investment in holiday property is very high risk.

Your priority has to be that its actually somewhere you love to visit.

Maybe in Turkey it's higher risk yes. To bring a little context to it though, this is what 125k gets you.
https://www.rightmove.co.uk/overseas-property/property-52898946.html

Anyway I'm sure that other places are available in more established countries like Spain or Italy.

As it happens, I know that area and its bloody lovely Laughing out loud

I'm just saying it sounds like you're going about it the wrong way. There's easier and far less risky ways of making a quick buck. Unless you're a seasoned speculator, people usually buy holiday property in places they love and will visit multiple times a year. Any appreciation of the asset comes secondary to that.
themistake
themistake avatar

10477 posts since 20/2/06

10 Jun 2019 08:45
Trent wrote: Turkey was just a question really, I bet all those people that invest in Croatia / Montenegro are laughing now. I'd be interested to know where anyone had bought.

Are you talking about buying holiday homes and then making money off renting them out?

Trent
Trent avatar

1817 posts since 18/1/09

10 Jun 2019 08:50
Trent wrote: Long shot - anyone (or family) own property overseas as a holiday home?
Longer shot - anyone bought or considered buying in Turkey?

I'll go back to my question. Let's forget about my investment portfolio Laughing out loud
But yes, good to rent out when I am not using it.

I currently live outside of the UK.
swede
swede avatar

7701 posts since 21/3/09

10 Jun 2019 09:20
Trent wrote:
illwill wrote: Surely investment in holiday property is very high risk.

Your priority has to be that its actually somewhere you love to visit.

Maybe in Turkey it's higher risk yes. To bring a little context to it though, this is what 125k gets you.
https://www.rightmove.co.uk/overseas-property/property-52898946.html

fuck sake Laughing out loud Cry
Crackajack
Crackajack avatar

6972 posts since 21/4/05

posted 10 Jun 2019 09:35, edited 10 Jun 2019 09:35
Looking at a flat with a quite standard sized 5x4m living room. The kitchen is separate, and not really big enough to entertain in but would be fine for working from home / eating with a 4 person table (4.5mx3 room).

Really struggling to work out whether that size reception room could accommodate a sofa/tv area + extendable dining table for 6 without looking too cramped.

Currently there is a three seater on wall 2, and a two seater on wall 1. Wall 3 has tv + units etc.

https://imgur.com/UsUVaZh

Any good apps or sites for room layouts etc? I have looked for other flats in the same block and there aren't any with the layout we are thinking of.
andymakesglasses
andymakesglasses avatar

20101 posts since 26/1/06

10 Jun 2019 10:55
Dee wrote: Cyprus have been fast tracking those for a while

You're looking at millions for a fast-track Cypriot passport. Permanent residency can be had when buying a €300,000 property but you have to actually live there and can't work (in Cyprus, ie income has to come from abroad).
Dee
Dee avatar

11032 posts since 22/11/07

10 Jun 2019 11:05
yep, don't know if true but they've been pulling a lot of Chinese money in via that. Limassol practically Russian these days too. The rents took a Cypriot citizenship a few years back but have been residents for years.
sodomgomorra
sodomgomorra avatar

1314 posts since 24/3/14

10 Jun 2019 11:18
You could always sell your story to the Daily Mail when it inevitably goes south.