Buying a Property in the UK
#16
Re: Buying a Property in the UK
I'm sure you can, and not every off-plan development in Dubai is a bad one, unfortunately there are still a hell of a lot of people who have paid deposits sometime ago in good faith for developments in Dubai that are stopped/unfinished, and are finding it difficult getting their deposits back, I speak to them every day!
#19
Re: Buying a Property in the UK
it can be done depending on the development - to be honest it's not really an issue with the majority of the stuff that we do, we've got 100% occupancy rates in our main markets. We've just launched a new project in Brisbane that guarantees rental yields in line with the market average for the first three months, really just as a safeguard in case lettors aren't ready on day one.
#20
Re: Buying a Property in the UK
exactly, that's why we try and avoid those kind of terms - we might do it if it's coming to completion and we haven't sold all of the properties in a development but that's the only time we would consider it! If it's a part of the deal when a project is launched you can guarantee you will be paying it back some way or another!
#22
Re: Buying a Property in the UK
haha, no worries, was a bit worried there! you've obviously been out here too long!
#25
Re: Buying a Property in the UK
Aside from the odd first year rental to sweeten a deal and sell the last couple of units I would agree.
Property is an inflexible asset that should be viewed as something invested in for several years (I'd say 5+) where you returns are going to come mostly from capital growth not rental yields (but if the rent covers the mortgage that's good). That's when leverage via a mortgage is going to see you do very well.
N.
Property is an inflexible asset that should be viewed as something invested in for several years (I'd say 5+) where you returns are going to come mostly from capital growth not rental yields (but if the rent covers the mortgage that's good). That's when leverage via a mortgage is going to see you do very well.
N.
#26
Re: Buying a Property in the UK
Don't know who you work for but I would agree with that.
If diligence is done properly off plan in the UK can be a good investment. I only recommend one company to my clients for property investment and about half the stock they have is off plan and they do very well.
Sadly there is a lot of iffy stuff here. I have just come back from Cityscape and saw half a dozen companies flogging land in the UK which is on green belt land and has no planning permission. It's amazing how they are still getting away with this.
N.
If diligence is done properly off plan in the UK can be a good investment. I only recommend one company to my clients for property investment and about half the stock they have is off plan and they do very well.
Sadly there is a lot of iffy stuff here. I have just come back from Cityscape and saw half a dozen companies flogging land in the UK which is on green belt land and has no planning permission. It's amazing how they are still getting away with this.
N.
.......and that's the company I work for! Australia is very good as well, Brisbane in particular, some brilliant opportunities out there just now and the quality of the developments is absolutely fantastic, built to last unlike pretty much everything out here