Overseas property investment

[Gonzo]

An aunt of mine bought property in central London during the second world war. Needless to say it was very cheap at the time, but she enjoyed a very comfortable retirement!

So if there is a lesson to be learned there, buy land in Baghdad. Don't build on it yet, just buy the land and maybe one day, your children will be rich!

[threaded]

One thing I do is buy ancient farmhouses and basically modernise them. Jack them up, put foundations under, connect them to mains water, gas, sewage etc. wherever possible. Treat all the timbers, rethatch the roofs. Often times even have a buyer before I'm quarter the way through.

Dunno why it is, but not many Danes do this, loads of Brits over here making a mint at it.

There's even one Bristol guy I met who chops big trees down, another job Danes won't do, even gets sub-contract work from Danish tree surgeons who can't get their own staff to do it...

[gingerjedi]

I know the potential returns on eastern Europe are higher than Spain, Portugal etc but so are the risks, there's a lot of activity with the eastern ski resorts but they have a long way to go before they can get anywhere near the respected ones, you can do most of the piste's in these resorts in a morning! If I was investing in a ski resort I would look at smaller ones in France with links to the bigger one's, I went to a place called Flaine in France few years ago where 1 bed apartments were going for £30k since then a big Canadian company moved in spent millions on the infrastructure and they now go for 4x that!

For anyone with a family Flaine is great, probably the best for skiing in France outside of the 3 valleys, the actual resort is very quiet mind.

[woo]

*edit* Property in Romania is 'expected' to return an average of 17% a year for another 10 years

compounded - That's 380% in 10 years when it's already gone up 400% in 5 years.

You've obviously been listening to a looney at the seminar.

[Clippy]

One thing I do is buy ancient farmhouses and basically modernise them. Jack them up, put foundations under, connect them to mains water, gas, sewage etc. wherever possible. Treat all the timbers, rethatch the roofs. Often times even have a buyer before I'm quarter the way through.

Dunno why it is, but not many Danes do this, loads of Brits over here making a mint at it.

There's even one Bristol guy I met who chops big trees down, another job Danes won't do, even gets sub-contract work from Danish tree surgeons who can't get their own staff to do it...

Threaded, what kind of figures (ballpark) are we talking here?

[sunnysan]

Not a learned opinion but...

I would imagine that once you money goes into property in Bulgaria , Romania etc you would have a problem getting the money back again if you wish to realise your profit.

I am pretty sure that if you did liquidate your property that the government would take a huge chunk of your profit if you wanted to repatriate the profits

Like I say, I dont know the facts but I do know a bit about Eastern Europe and I would check that before you invest.

[Jog On]

compounded - That's 380% in 10 years when it's already gone up 400% in 5 years.

You've obviously been listening to a looney at the seminar.

Exponential Long Term Growth
The report projected a staggering 414% return on investment for the next ten years. That works out to a commanding 17.8% annually. Furthermore, a June 2006 study by Colliers International positions Romanian property as the second most profitable property market in the world.

http://www.anglo-romaniandevelopment.co.uk/

Yeah stark raving bonkers

[Captain Dispensable]

Aren't many of the european ski resorts a bit worried about global warming?

Might not be the best time to invest in ski resorts, maybe mountain biking instead

[milanbenes]

'Aren't many of the european ski resorts a bit worried about global warming?',

not 'arf pop pickers


I was told by someone in the know 6 years ago that VC's will not
invest in any projects beneath 2000metres.

Milan.

[gingerjedi]

Aren't many of the european ski resorts a bit worried about global warming?

Might not be the best time to invest in ski resorts, maybe mountain biking instead

You have to be in it for the long term but maybe 1000 years is a bit beyond what most people are prepared to wait

All the resorts I have been to do walking, mountain biking, paragliding etc in the summer months already, it’s just that the summer season will start to get longer soon.