Can't buy in UK - so where else?

Guy_Montag

scrummy_mummy wrote: »

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.

Don't you see that buying investment properties in the UK (or anywhere), just make matters worse? We need to get rid of this "must get on the ladder, even if I don't ever want to live there" idea. It's spoils it for everyone.

dannyboycey

scrummy_mummy wrote: »

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

Sounds great :huh:

And people wonder why property prices continue to rise!

Lavendyr

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.

We're in the same situation, we are renting fairly cheaply, saving money each month and have no debts. We could buy now if we wanted to, just about, but it would be tight, and we'd rather wait for a short while and see what happens to the market.

Are you really that keen to get onto the property ladder? Is there a problem with renting for the time being?

EagerLearner wrote: »

The thinking of buying abroad is what we've been reduced to

I just don't understand the logic behind this. Why is the only option buying abroad? Why not invest, why not train yourself up to improve your earning potential, why not just wait for two or three years and see what happens to the UK market (which is at a critical point right now)?

scrummy_mummy_2

Guy_Montag wrote: »

Don't you see that buying investment properties in the UK (or anywhere), just make matters worse? We need to get rid of this "must get on the ladder, even if I don't ever want to live there" idea. It's spoils it for everyone.

Completely agree, but the whole herd mentality has gotten a hold like it did in the late 80's and now you are viewed as a loser if you don't own (or aspire to own) your own home/property...I cannot fathom why people view themselves as second class citizens if they rent and won't (often) consider it!! The whole dead money nonsense... Befuddles me!!!
'Get rich faster by buying property' TV programmes (of which I have not seen a one that doesn't blatantly lie about the numbers!) don't help either...however...if someone is determined to go with the herd, and try to 'get a piece of the action' they believe everyone else if getting...........

scrummy_mummy_2

dannyboycey wrote: »

Sounds great :huh:

And people wonder why property prices continue to rise!

Once again...completely agree, but thems is the breaks in a capitalist consumer driven me first and I'm better than you economy!!
(I don't think I'm better than anyone by the way)

All sounds a bit dodgy/vague to me from what sister in law has told me, (second hand and quite vague because she is a bit secretive about it all!) but only time will tell.....falls into the same category for me as sticking it all on red! It appears as though you invest some up front capital and then use gearing/remortaging to roll the portfolio....brother in law has claculated he needs a portfolio of 20 properties to pay the capital gains bill when/if he comes to sell and sefveral of their friends also have hefty investments in this company (NOT ME THOUGH!!!)
It might be bonkers...it might not be so bad...if the OP is determined to invest in property he could do much worse than ask questions of them and make his own mind up....it might work?

irnbru_2

EagerLearner wrote: »

I am not foolish enough to hope for a crash because that would be bad news for [strike]everyone[/strike]

some people:

1. Speculators
2. Investors
3. 100% mortgagees
4. MEWers
5. New-build purchasers
6. Downsizers

My guess is you're still living in the Brighton area and seeking an abode there?

bandraoi

You obviously have some spare money, but not enough spare money to buy a house so what you're looking to do is make an investment. What I don't understand is why you're limiting yourself to an investment in a house.

Houses as investments are awkward things, it costs alot of money and time to get into - estate agents fees, stamp duty, solicitors etc., it also costs you time and money while you actually own the property too - finding tenants, taking care of maintenance, insurance etc. Houses as investments can be great, but it's usually over the medium and long term, when the wasted time and money of setting up and closing down can be offset against the gains made.

There are far better financial investments to be made, particularly in the short and medium term. If you want to take a gamble (equivalent to buying in Bulgaria) then maybe look at some of the less certain shares, but try talking to an investment expert instead of an estate agent.

Conrad

My Pet topic!

Background; I owned several UK properties but then spent a long time researching new markets.

I wanted

1) Safety
2) High returns
3) Year round rent

The answers I found were Morocco and Germany.

MOROCCO:
Stick with the 6 Government mega resorts called Plan Azure. The King is batting for your team as these projects are his.
As close as Southern Spain.
The unique reasons I invested are:

1) Facilities are beyond compare. Even the biggest best Spannish resorts do not come close. I bought into the biggest development called SAIDIA. There you will find not 1 but 3 championship golf courses and the Meds largest marina. Many Premiership footballers have bought here as the sports facilities are the best there is. Prices still low for appartments.


2) Planned development - the Kings plan is 10 years in the making and very considered. This means no ramshackle ad hoc Bulgarian / Spannish style free for all.
All buildings muct be to European build standards, 3 stories max, 70% green areas within each resort.

3) A Middle class market place. You need to understand Morocco is not 'just another' destination. The 10 yr plan is aimed squarely at the money brigade

4) Year round rent. The resorts are striclty Governed and muct be bustling all yr. THIS IS UNIQUE. As such many many laws are in place to guarantee this end and ensure no ghost town 'lock up and leave' resorts come about. WHY? - Because the King wants the 600,000 new jobs being created for Moroccans to be sustainable yr round jobs.

5) Safety - the Government and Kings showcase is Saidia the first Plan Azure resort and the world is watching. Failure and dogy dealing are not an option.

6) As close as S Spain

......................


BERLIN

My other area of investment and Im also helping others to invest here (for a fee of course!).

10 yr rent gurantees and prices from £30000. We access repossesions and Government managed property.
10,000 people a month moving to Berlin. Safe, secure.
People are now buying after the effects of yrs of communism are finally waning.

A property shortage is being predicted by large international surveyors Jones LangLasalle.

Please ignore the neg heads, they are EXACTLY the same as the muppets that predicted:

1) Credit Cards would never catch on
2) UK B2L was nonsense (in 1993 after the crash)
3) That mobile phones would never gain mass apeal

You get the picture

Unknown1234_2

irnbru wrote: »

some people:

1. Speculators
2. Investors
3. 100% mortgagees
4. MEWers
5. New-build purchasers
6. Downsizers

My guess is you're still living in the Brighton area and seeking an abode there?

Your list is wrong, it would affect alot more than you have stated.

free4440273

Melissa_Hewett wrote: »

Your list is wrong, it would affect alot more than you have stated.

MH, every time you post a reply i end up ogling 'your' boobs for half-an-hour. this is turning into an unhealthy obsession. please help