I looked last year into buying a Villa in Spain. It wasnt expensive either (£140k) and we also worked out from the books that the rent over the summer months would just about cover the mortgage for the year. The problem was, the Spanish lenders requirea minimum of around 45% deposit and as well as the price of the Villa, there are also fees to go on top which worked out at about 20k. We knocked it on the head. I am just wondering though if anyone has any ideas on good places abroad to invest in?
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Originally posted by ads1980 View PostI looked last year into buying a Villa in Spain. It wasnt expensive either (£140k) and we also worked out from the books that the rent over the summer months would just about cover the mortgage for the year. The problem was, the Spanish lenders requirea minimum of around 45% deposit and as well as the price of the Villa, there are also fees to go on top which worked out at about 20k. We knocked it on the head. I am just wondering though if anyone has any ideas on good places abroad to invest in?
Keep away from Spain; they are a bunch of crooks,
You could try Czech Republic or Bulgaria
(300% increase in six years)"A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George Orwell -
Originally posted by Paddy View PostKeep away from Spain; they are a bunch of crooks,
You could try Czech Republic or Bulgaria
(300% increase in six years)Comment
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Originally posted by ads1980 View PostI looked last year into buying a Villa in Spain. It wasnt expensive either (£140k) and we also worked out from the books that the rent over the summer months would just about cover the mortgage for the year. The problem was, the Spanish lenders requirea minimum of around 45% deposit and as well as the price of the Villa, there are also fees to go on top which worked out at about 20k. We knocked it on the head. I am just wondering though if anyone has any ideas on good places abroad to invest in?
You can't afford it so don't bother.
HTHHard Brexit now!
#prayfornodealComment
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Originally posted by Paddy View PostKeep away from Spain; they are a bunch of crooks,
You could try Czech Republic or Bulgaria
(300% increase in six years)
Paddy,
are you saying there aren't crooks in Bulharsko ?
Make mine a pint of what he's drinking please barman.
Milan.Comment
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Don't even think about Spain, the market has collapsed after massive over supply due to availability of lending leaving thousands of empty properties.Comment
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Originally posted by lukemg View PostDon't even think about Spain, the market has collapsed after massive over supply due to availability of lending leaving thousands of empty properties.Hard Brexit now!
#prayfornodealComment
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Yes, this might signal an opportunity to purchase but in a foreign country the chance of getting turned over is too risky.
If you really want to, I would consider a mature development in an enduringly popular location which may still have fallen in price.
I wouldn't touch anything off-plan, new development, infrastructure to follow, blah blah with a bargepole regardless of price.
For ref - look at the people looking at holes in the ground in Dubai where there 'astonishingly good value' apartment blocks (due to be finished in 08) are located.Comment
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I've heard there are some nice vineyards in Bulgaria.While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'Comment
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Originally posted by doodab View PostI've heard there are some nice vineyards in Bulgaria.
There are one or two very good grapes produced here already.Hard Brexit now!
#prayfornodealComment
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