The Best Country For Property Investment

[ads1980]

I looked last year into buying a Villa in Spain. It wasnt expensive either (£140k) and we also worked out from the books that the rent over the summer months would just about cover the mortgage for the year. The problem was, the Spanish lenders requirea minimum of around 45% deposit and as well as the price of the Villa, there are also fees to go on top which worked out at about 20k. We knocked it on the head. I am just wondering though if anyone has any ideas on good places abroad to invest in?

[Paddy]

I looked last year into buying a Villa in Spain. It wasnt expensive either (£140k) and we also worked out from the books that the rent over the summer months would just about cover the mortgage for the year. The problem was, the Spanish lenders requirea minimum of around 45% deposit and as well as the price of the Villa, there are also fees to go on top which worked out at about 20k. We knocked it on the head. I am just wondering though if anyone has any ideas on good places abroad to invest in?

Keep away from Spain; they are a bunch of crooks,

You could try Czech Republic or Bulgaria
(300% increase in six years)

[ads1980]

Keep away from Spain; they are a bunch of crooks,

You could try Czech Republic or Bulgaria
(300% increase in six years)

Yeah, somone else mentioned Bulgaria. They went on holiday there and said it was amazing!

[sasguru]

I looked last year into buying a Villa in Spain. It wasnt expensive either (£140k) and we also worked out from the books that the rent over the summer months would just about cover the mortgage for the year. The problem was, the Spanish lenders requirea minimum of around 45% deposit and as well as the price of the Villa, there are also fees to go on top which worked out at about 20k. We knocked it on the head. I am just wondering though if anyone has any ideas on good places abroad to invest in?

The only worthwhile investment in European property for the next few years (for capital gains) is the top end in the financial capitals (London, Paris, Frankfurt, Zurich etc).
You can't afford it so don't bother.

HTH

[milanbenes]

Keep away from Spain; they are a bunch of crooks,

You could try Czech Republic or Bulgaria
(300% increase in six years)

Paddy,

are you saying there aren't crooks in Bulharsko ?

Make mine a pint of what he's drinking please barman.

Milan.

[lukemg]

Don't even think about Spain, the market has collapsed after massive over supply due to availability of lending leaving thousands of empty properties.

[sasguru]

Don't even think about Spain, the market has collapsed after massive over supply due to availability of lending leaving thousands of empty properties.

Unloess you want a holiday home to enjoy for its own sake, for cash, of course

[lukemg]

Yes, this might signal an opportunity to purchase but in a foreign country the chance of getting turned over is too risky.
If you really want to, I would consider a mature development in an enduringly popular location which may still have fallen in price.
I wouldn't touch anything off-plan, new development, infrastructure to follow, blah blah with a bargepole regardless of price.
For ref - look at the people looking at holes in the ground in Dubai where there 'astonishingly good value' apartment blocks (due to be finished in 08) are located.

[doodab]

I've heard there are some nice vineyards in Bulgaria.

[sasguru]

I've heard there are some nice vineyards in Bulgaria.

I've heard French wine growers are buying land in Blighty as in a few years the climate here will be better for vineyards than in France.
There are one or two very good grapes produced here already.