When Nomad met Cleri...WTMTP part 2
Dec 29th 2008, 1:49 am
Far Kynelle
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Dec 29th 2008, 1:51 am
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Dec 29th 2008, 1:52 am
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Re: When Nomad met Cleri...WTMTP part 2
Why is it so hard to find any long term rentals in PT ?
Dec 29th 2008, 1:53 am
Far Kynelle
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Dec 29th 2008, 1:57 am
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Dec 29th 2008, 1:58 am
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Dec 29th 2008, 1:58 am
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Re: When Nomad met Cleri...WTMTP part 2
Mainly because short-term rates are so disproportionately higher. They probably make more in short-term holiday lets than you would pay for a year's rental.
You could always do what I did - firstly, find a developer with lots of new, empty properties. Then, agree a price (with a good discount- there are plenty available at the moment). Agree that you will pay him a deposit up front of, say, 10% and will complete on the balance within 12 months. If you don't, he keeps part of the deposit as a form of rent and returns the rest.
I found at least 3 developers prepared to do that deal. If you don't complete, you simply pay a "rent" (usually, about 10-20% over the usual annual rent to make it worth the developers while). You get 12 months to sell in the UK and even have the option to pull out at the end if the property market slumps. For me, it was a no lose deal.
You could always do what I did - firstly, find a developer with lots of new, empty properties. Then, agree a price (with a good discount- there are plenty available at the moment). Agree that you will pay him a deposit up front of, say, 10% and will complete on the balance within 12 months. If you don't, he keeps part of the deposit as a form of rent and returns the rest.
I found at least 3 developers prepared to do that deal. If you don't complete, you simply pay a "rent" (usually, about 10-20% over the usual annual rent to make it worth the developers while). You get 12 months to sell in the UK and even have the option to pull out at the end if the property market slumps. For me, it was a no lose deal.
Dec 29th 2008, 1:59 am
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Dec 29th 2008, 2:00 am
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Dec 29th 2008, 2:01 am
Far Kynelle
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Dec 29th 2008, 2:02 am
Far Kynelle
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Dec 29th 2008, 2:03 am
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Dec 29th 2008, 2:04 am
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Dec 29th 2008, 2:05 am
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Dec 29th 2008, 2:06 am
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Re: When Nomad met Cleri...WTMTP part 2
Mainly because short-term rates are so disproportionately higher. They probably make more in short-term holiday lets than you would pay for a year's rental.
You could always do what I did - firstly, find a developer with lots of new, empty properties. Then, agree a price (with a good discount- there are plenty available at the moment). Agree that you will pay him a deposit up front of, say, 10% and will complete on the balance within 12 months. If you don't, he keeps part of the deposit as a form of rent and returns the rest.
I found at least 3 developers prepared to do that deal. If you don't complete, you simply pay a "rent" (usually, about 10-20% over the usual annual rent to make it worth the developers while). You get 12 months to sell in the UK and even have the option to pull out at the end if the property market slumps. For me, it was a no lose deal.
You could always do what I did - firstly, find a developer with lots of new, empty properties. Then, agree a price (with a good discount- there are plenty available at the moment). Agree that you will pay him a deposit up front of, say, 10% and will complete on the balance within 12 months. If you don't, he keeps part of the deposit as a form of rent and returns the rest.
I found at least 3 developers prepared to do that deal. If you don't complete, you simply pay a "rent" (usually, about 10-20% over the usual annual rent to make it worth the developers while). You get 12 months to sell in the UK and even have the option to pull out at the end if the property market slumps. For me, it was a no lose deal.
