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ads1980
20th July 2010, 12:43
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?

Paddy
20th July 2010, 12:46
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?


Keep away from Spain; they are a bunch of crooks,

You could try Czech Republic or Bulgaria
(300% increase in six years)

ads1980
20th July 2010, 12:48
Keep away from Spain; they are a bunch of crooks,

You could try Czech Republic or Bulgaria
(300% increase in six years)

Yeah, somone else mentioned Bulgaria. They went on holiday there and said it was amazing!

sasguru
20th July 2010, 13:08
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?

The only worthwhile investment in European property for the next few years (for capital gains) is the top end in the financial capitals (London, Paris, Frankfurt, Zurich etc).
You can't afford it so don't bother.

HTH

milanbenes
20th July 2010, 13:10
Keep 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.

lukemg
20th July 2010, 13:17
Don't even think about Spain, the market has collapsed after massive over supply due to availability of lending leaving thousands of empty properties.

sasguru
20th July 2010, 13:23
Don't even think about Spain, the market has collapsed after massive over supply due to availability of lending leaving thousands of empty properties.

Unloess you want a holiday home to enjoy for its own sake, for cash, of course

lukemg
20th July 2010, 13:33
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.

doodab
20th July 2010, 13:37
I've heard there are some nice vineyards in Bulgaria.

sasguru
20th July 2010, 13:48
I've heard there are some nice vineyards in Bulgaria.

I've heard French wine growers are buying land in Blighty as in a few years the climate here will be better for vineyards than in France.
There are one or two very good grapes produced here already.

gingerjedi
20th July 2010, 14:00
I've heard French wine growers are buying land in Blighty as in a few years the climate here will be better for vineyards than in France.
There are one or two very good grapes produced here already.

Are Spanish orange growers buying French vineyards then?

fullyautomatix
20th July 2010, 14:04
Spain, Portugal, Bulgaria, CZech , Dubai and all these 'hotspots' have melted completely. Fraud is rife and especially in Bulgaria apartment blocks are standing half completed with the brits who invested in them losing everything they had.

China was very good but it's property apparently is crashing too.

Lumiere
20th July 2010, 14:07
What about less known places like Albania, Romania (yes, I've seen the Borat movie, but still ...) ?

Clippy
20th July 2010, 14:28
I've heard French wine growers are buying land in Blighty as in a few years the climate here will be better for vineyards than in France.
There are one or two very good grapes produced here already.

Did you watch Dragons Den last week too? :wink

As to the original question, what about Brazil?

Paddy
20th July 2010, 14:58
Spain, Portugal, Bulgaria, CZech , Dubai and all these 'hotspots' have melted completely. Fraud is rife and especially in Bulgaria apartment blocks are standing half completed with the brits who invested in them losing everything they had.

China was very good but it's property apparently is crashing too.

I would never buy off plan in any country. There are crooks in all countries but the difficulty with Spain is that you can’t rust the lawyers, local government or national government. Even if you legally own the land and property in Spain, there is no guarantee that a developer will come along and legally bulldoze your home because it happens to be in the way of a of larger development.

ads1980
20th July 2010, 15:26
Yes, there is no way I would consider a new build or something that has not been constructed yet. I like something with a bit of character anyway. Eventually it would become a retirement home for us I think.

Mich the Tester
20th July 2010, 17:07
I've heard French wine growers are buying land in Blighty as in a few years the climate here will be better for vineyards than in France.
There are one or two very good grapes produced here already.This place (http://www.nyetimber.com/), run by a Dutchman, has been setting a good example for a few years now. And this lot (http://www.apostelhoeve.nl/), in Holland, produce an outstanding riesling.

NoddY
20th July 2010, 17:21
Any country with an Anglo-Saxon based legal system which offers primacy of ownership and weak tenancy laws. This limits your selection to the UK, Ireland, Australia, NZ and the USA. The United States has got to be the best bet.

Mich the Tester
20th July 2010, 17:24
Any country with an Anglo-Saxon based legal system which offers primacy of ownership and weak tenancy laws. This limits your selection to the UK, Ireland, Australia, NZ and the USA. The United States has got to be the best bet.Speculation on some of those houses that have been repossessed?

I know a Dutch chap who's investing in Detroit; risky, but if the place does somehow recover, he'll be quids in.

Olly
20th July 2010, 18:12
buy my place :)
a nice two bed in Varna, 10 mins slow walk through the sea garden to the coast. Nice neighbourhood.
You'll have a lot of change from your 140k