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Is buying property outside London a good investment
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By (user no longer on site) OP
over a year ago
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"Will never go up as fast in value as london IMO. Guess it depends if you want to live in it or not? "
Wouldnt mind living in it I had bought a property in Dubai which gave me a very good return so can put it somewhere |
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Property is rarely a bad investment long term. For instance we moved here seven years ago and our house has doubled in value.
Of course location, condition, how you finance it and maintenance costs need to be factored in |
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By *ttmcdguyTV/TS
over a year ago
Milton Keynes |
In this current climate of house prices being at a high interest rates being high
Recession looming
If it was me with disposable cash
I would hold off for a year to see what the market does
House prices have already started to come down
The next 6 months will indicate what the housing market will do
I personally fear the next 6 months as the construction trade has already shown signs of decline!
Bumpy roads ahead!
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By (user no longer on site)
over a year ago
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I always assumed properties increased in value but some around me were making more money years ago.
Years ago you could buy a house for 40 grand and sit on it for a couple of years and make 20 grand on it, when 20 grand was 20 grand. Doesn't seem to be the case anymore.
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By *hav02Man
over a year ago
Glasgow/London |
This is a very simple question with a very complex answer. Having lived in different parts of the country, your answer would depend on your current cashflow, target return, timeframe and insurance..... |
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"Buying a not so expensive property outside London a good investment"
At the moment with interest rats and possibly repossessions no
Look at what happened in 1989 House prices from September to November |
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"In this current climate of house prices being at a high interest rates being high
Recession looming
If it was me with disposable cash
I would hold off for a year to see what the market does
House prices have already started to come down
The next 6 months will indicate what the housing market will do
I personally fear the next 6 months as the construction trade has already shown signs of decline!
Bumpy roads ahead!
"
Spot on  |
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By (user no longer on site)
over a year ago
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It may not be the best time to buy atm ..there is a good possibility of house prices going down, maybe significantly in some areas.
If you plan to keep the property long term it could be good but not for short term, you could well end up in negative equity... |
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"Buying a not so expensive property outside London a good investment
At the moment with interest rats and possibly repossessions no
Look at what happened in 1989 House prices from September to November "
There’s a rat in me fixed rate tracker what am I gonna do? |
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By *otMe66Man
over a year ago
Terra Firma |
"Buying a not so expensive property outside London a good investment"
A grand investment is to pay into the “Notme66 crystal ball scheme” guaranteed to give you sound financial advice and a clear view of the years ahead with a no money back guarantee.
In fact I’m so confident in my service I will personally underwrite absolutely all gains you make while you remain in the scheme. I’m so looking forward to working with you, I’ve actually doubled the initial return I expect on your contributions, meaning you can join the scheme for £500 month for the first 6 months or until you purchase your first house, whichever takes longer
For those that think this is serious, I would like to have a 1-2-1 session to discuss all things money… shit, no, I’m only kidding  |
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"Buying a not so expensive property outside London a good investment
At the moment with interest rats and possibly repossessions no
Look at what happened in 1989 House prices from September to November
Don't know I was 21 in 89 when I Ave the keys back purchased in September and gave the keys back in November told them it had been miss sold and walked away.
There’s a rat in me fixed rate tracker what am I gonna do?"
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By (user no longer on site) OP
over a year ago
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"Are you planning to live in it? Plenty of Londoners etc move up to this area, then clear off elsewhere in a couple of years when the reality of life in rural places sinks in. "
No plan to live jus rent it out |
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By *rHotNottsMan
over a year ago
Dubai & Nottingham |
"Will never go up as fast in value as london IMO. Guess it depends if you want to live in it or not?
Wouldnt mind living in it I had bought a property in Dubai which gave me a very good return so can put it somewhere "
Why risk it the UK, there’s plenty of other countries with lower tax and better services. You will pay capital gains in uk |
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