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OK you property experts ........

OK you property experts ........

Old Jan 30th 2007, 1:10 pm
  #31  
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Default Re: OK you property experts ........

Originally Posted by helenba View Post
please do not buy in bulgaria or alikes have friends who have just done this very cheap very prity in parts but remember these people have never had much money they brought property to rent out but as soon as they had left there property was broken in to and stripped out nothing left no furniture even took new roof tiles off now they have had to pay some one to keep an eye on property they say when they are there they feel as though they are being watched how sad they dont go around flashing there money around had some savings thought it would be a good idear as soon as they can they will be selling and trying spain again we bought in a area in spai called lamela in almeria near sorbas property there is still good value for money people very friendly property is very safe yes i think property prices will crash soon but this is usually property down by the coast good luck helen
Thats a frightening story so Bulgaria is out then, I would stick to England for investment probably more stable, a terraced house in a northern city would be affordable at this price and rent out to students or professionals.

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Old Jan 30th 2007, 3:02 pm
  #32  
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Default Re: OK you property experts ........

Originally Posted by Mitzyboy View Post
As I know many of you have varying strong opinions on this, say I have £150k to spend on a property (in a joint purchase with a friend)

Would you buy in Spain as a holiday property let, or would you buy in the UK as a corporate or long term let.
I personally think it's extremely risky to buy in Spain right now. OECD just released a report stating that the housing market is 30% overvalued. BBVA also released it's annual report which predicts an average increase between 3% and 5% for 2007. In several provinces year-over-year prices have gone down. Foreign investment in Spanish property market has decreased 16% in 2006. You are better off putting your money into fixed income securities which are giving well over 5% in the UK. The notion that property outperforms the market is a myth not supported by long term data.
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Old Jan 30th 2007, 3:07 pm
  #33  
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Default Re: OK you property experts ........

Originally Posted by helenba View Post
please do not buy in bulgaria or alikes have friends who have just done this very cheap very prity in parts but remember these people have never had much money they brought property to rent out but as soon as they had left there property was broken in to and stripped out nothing left no furniture even took new roof tiles off now they have had to pay some one to keep an eye on property they say when they are there they feel as though they are being watched how sad they dont go around flashing there money around had some savings thought it would be a good idear as soon as they can they will be selling and trying spain again we bought in a area in spai called lamela in almeria near sorbas property there is still good value for money people very friendly property is very safe yes i think property prices will crash soon but this is usually property down by the coast good luck helen
Wow! I think that is the single longest sentence I have ever read. I was thoroughly out of breath by the time I reached the end!!
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Old Feb 7th 2007, 5:50 pm
  #34  
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Default Re: OK you property experts ........

we live in Portugal so i can say with confedence that its a good place to invest in at the moment, especially central Portugal. there is a lot of interest in the area, so much so that we started a website full of info on living, working in central portugal.
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Old Feb 8th 2007, 9:34 am
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Default Re: OK you property experts ........

Originally Posted by keithwalters View Post
Wow! I think that is the single longest sentence I have ever read. I was thoroughly out of breath by the time I reached the end!!
SORRY BUT I HAD TO GET IT OFF MY CHEST ILL STOP AND BREATH NEXT TIME .HELENB
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Old Feb 11th 2007, 12:31 am
  #36  
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Default Re: OK you property experts ........

Originally Posted by meseta View Post
Cape Verde ? My goodness why would you chose to buy there ? Do tell.
There has to be something more to attract you than just cheap purchase price ?

With thanks to the CIA factbook

"This island economy suffers from a poor natural resource base, including serious water shortages exacerbated by cycles of long-term drought. The economy is service-oriented, with commerce, transport, tourism, and public services accounting for 66% of GDP. Although nearly 70% of the population lives in rural areas, the share of food production in GDP in 2004 was only 12%, of which fishing accounted for 1.5%. About 82% of food must be imported. The fishing potential, mostly lobster and tuna, is not fully exploited. Cape Verde annually runs a high trade deficit, financed by foreign aid and remittances from emigrants; remittances supplement GDP by more than 20%. Economic reforms are aimed at developing the private sector and attracting foreign investment to diversify the economy."
Out of interest - would similar not have been true about Spain, (particulary the Canaries) Portugal, Greece, Cyprus etc before the package deal and later the Villa developments took off?

I'd have thought the year round weather etc, would have these islands amongst the highest potential capital growth areas in the near world. I would also imagine the "catchet" of it being touted as the northern Caribbean would provide a high %age rental income?

Any thoughts??
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Old Feb 12th 2007, 11:09 pm
  #37  
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Default Re: OK you property experts ........

Originally Posted by leighbloke View Post
Out of interest - would similar not have been true about Spain, (particulary the Canaries) Portugal, Greece, Cyprus etc before the package deal and later the Villa developments took off?

I'd have thought the year round weather etc, would have these islands amongst the highest potential capital growth areas in the near world. I would also imagine the "catchet" of it being touted as the northern Caribbean would provide a high %age rental income?

Any thoughts??

I'm not having it that no one on here is old enough to remember the advent of the mass holiday market!!!
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Old Feb 13th 2007, 2:36 am
  #38  
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Default Re: OK you property experts ........

"I'd have thought the year round weather etc,..........."

I'm trying to think of anything that your 'etc' could include !

".....northern Caribbean..........." Good grief, how can the Cape Verde Island be described as that ? Interesting !

Last edited by meseta; Feb 13th 2007 at 2:41 am.
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Old Feb 13th 2007, 11:46 am
  #39  
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Default Re: OK you property experts ........

Originally Posted by Mitzyboy View Post
As I know many of you have varying strong opinions on this, say I have £150k to spend on a property (in a joint purchase with a friend)

Would you buy in Spain as a holiday property let, or would you buy in the UK as a corporate or long term let.
UK long let without question.

I've done holiday rentals - it's more work than people would realise. Buying in the UK you can switch off and hand over to an agent.

Plus the return in the UK will be higher in my opinion.

Plus - the government keep putting up the air taxes - could have impact on rentals - but in UK people have to live somewhere so constant market.

I could go on but won't!

Mark
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