Can't buy in UK - so where else?

RHemmings

navidson wrote: »

Exactly, its gotten to the point where people are buying houses in areas they dont want to be in, just because it's all they can afford.

There's a very big difference between people buying in areas they don't want to be in, and buying in countries they have no intention of living in.

It would be most useful and informative if the OP was to post a numerical example of how buying in Bulgaria would help them get onto the ladder here. It may reveal their assumptions, e.g. that Bulgarian property might inflate by 50% in the next five years, which can then be examined on their merits.

buglawton

This thread has raised an interesting point about the EU. Free movement of labour, goods, services, right of abode and of course freedom to own properties anywhere and maybe even live in them within the EU.

Now, the Poles, Czechs (not even to mention the Germans, Dutch, etc etc) usually speak passable English. They can and do choose to enter our job market whenever they like. Once they and have acquired some savings and size up the situation - have to live forever in cheap digs, no chance of buying a decent property and getting a better lifestyle, they can go back to their home country and put down a large deposit on something nice then borrow the rest at the EURO’s cheap interest rate and look forward to a low mortgage.

(Note – there are some famous examples in London of extended families from Bulgaria or wherever clubbing together to buy and live in a 1 roomed flat – that’s also a lifestyle choice).

Why can’t the Brits manage an equal freedom of lifestyle? We don’t usually speak Dutch, German or passable French so not easy sample the job market over there, plus local laws in the rest of Europe definitely make that market less attractive to enter as a worker.

I can’t pin it down but get the feeling that somewhere or other the British indigenous population is being SHAFTED!

If you are young, emigrate to New Zealand, Canada maybe even Ireland. If older, plan that your kids will. Oh, and start learning a foreign language.

lynzpower

Why can’t the Brits manage an equal freedom of lifestyle? We don’t usually speak Dutch, German or passable French so not easy sample the job market over there, plus local laws in the rest of Europe definitely make that market less attractive to enter as a worker.

I can’t pin it down but get the feeling that somewhere or other the British indigenous population is being SHAFTED!

I would put this down to the sheer lack of language education across the UK.

If germa/ dutch/ polish whatever was taught and we were fluent in any one of these langugages, then im sure most of us would move to wherever took our fancy.

Guy_Montag

Not speaking the lingo isn't stopping Brits buying up parts of Spain, Portugal, Bulgaria, Morocco, Turkey...

lynzpower

Guy_Montag wrote: »

Not speaking the lingo isn't stopping Brits buying up parts of Spain, Portugal, Bulgaria, Morocco, Turkey...

no I agree, but it does stop many actually working there

mikthe20

OK OP, you seem to want to buy a property abroad as an investment which might later allow you to buy a property in the UK. I would agree with the other comments that since you can't buy in the UK it probably means the UK is over-priced and therefore due to come down.

However, you obviously feel you need to do something in terms of investment and I assume have the ability to put some money in as a deposit and mortgage so some cash to spare. There are many other areas you can invest in. The first one I would suggest is investing in yourself - you might be able to get your own earning power up so that it gives you much greater buying power through the rest of your career. I don't know what you do, but additional qualifications, starting your own business, work on the side, are all areas you might want to look at. Lots of other investment options of course.

dannyboycey

From an investment point of view... you have missed the boat in Bulgaria now I'm afraid. Morroco is the place to go if making money is your goal.

My advice would be not to buy anywhere in Europe, unless you want to live there, with perhaps Germany being an exception. It's not a great time to invest in property anywhere in Europe at the mo.

granville_2

EagerLearner wrote: »

I see all your points, but we don't know what else to do. There is no way I would buy here right now, because no matter where you chose you would be paying over the odds even in a cheaper area. Like Navidson we are debt-free, have savings are are putting more away each month.

What a great position to be in! You have *no* debt and are saving! How many other people do you know that are in that position? Enjoy, keep up the saving and revel in the fact that you wake up every morning debt free. :j

EagerLearner wrote: »

Depressing, a crash isn't what I want but what else is there to hope for for FTB?

a correction will happen at some point. the house market like any other market is cyclical (imo).

dinnae you worry!

Feanor

Whereabouts in the country are you wanting to buy Eager Learner?

scrummy_mummy_2

If you want an investment propoerty in the UK....try this lot.
I have no experience of them and don't reccomend them, but my brother and sister in law have bought 3 properties with them and it hasn't all gone horribly wrong yet...not to say it won't, but might be worth investigating if you are determined.
http://www.mrainvestments.co.uk/

You won't loose anything by asking questions....

Good luck and think carefully before you do anything...always consider how you will get yourself OUT before you get yourself in.