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Buying a Property in the UK

Buying a Property in the UK

Old Apr 21st 2014, 9:29 am
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Default Re: Buying a Property in the UK

Originally Posted by mikewot
That was before habibi! Now you can buy off plan beautiful place for only 100,000 Dhm down payment and in two years all finish. OK maybe little little longer because of Expo but for sure 100% ready by Expo Yanni.

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!
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Old Apr 21st 2014, 9:36 am
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Default Re: Buying a Property in the UK

Originally Posted by Evilmunki
a lot of people who have paid deposits sometime ago in good faith for developments in Dubai that are stopped/unfinished,
Everything finish or demolish by Expo habibi! Everyone happy, no problems!
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Old Apr 21st 2014, 9:38 am
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Default Re: Buying a Property in the UK

I think someone local has hacked into Mikewot's account.....
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Old Apr 21st 2014, 9:41 am
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Default Re: Buying a Property in the UK

Originally Posted by Evilmunki
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.
I've always considered guaranteed rental yields an utter scam -- You put the purchase price up and give it back to them slowly.
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Old Apr 21st 2014, 9:52 am
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Default 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!
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Old Apr 21st 2014, 10:09 am
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Default Re: Buying a Property in the UK

Originally Posted by Evilmunki
I think someone local has hacked into Mikewot's account.....
LOL! The penny dropped at last and it is really me but thanks for the PM anyway.
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Old Apr 21st 2014, 10:22 am
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Default Re: Buying a Property in the UK

haha, no worries, was a bit worried there! you've obviously been out here too long!
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Old Apr 21st 2014, 10:26 am
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Default Re: Buying a Property in the UK

Originally Posted by mikewot
LOL! The penny dropped at last and it is really me but thanks for the PM anyway.
I think sarcasm is often wasted around these parts
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Old Apr 21st 2014, 10:31 am
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Default Re: Buying a Property in the UK

Originally Posted by Meow
I think sarcasm is often wasted around these parts
What to do Yanni?
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Old Apr 22nd 2014, 3:46 pm
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Default Re: Buying a Property in the UK

Originally Posted by Norm_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.
Without yields there can be no capital growth either though. Buy on yield, sell on capital gain.
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Old Apr 23rd 2014, 6:20 am
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Default Re: Buying a Property in the UK

Originally Posted by Norm_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.

.......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
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