What countries are best to buy a house for investment?

ScorpiondeRooftrouser

HappyMJ wrote: »

You should consider buying in Sydney, Australia. They speak English and the property laws aren't that hard to figure out. Your solicitor will do all the hard work for you. Every other foreign investor is buying property there and will continue to do so which will lead to further rises in the property market. Even the members of parliament there have been saying property in Australia is very affordable at the moment. see- http://www.theguardian.com/australia-news/2015/jun/09/joe-hockey-tells-aspiring-first-home-buyers-get-a-job-that-pays-good-money A reasonable 3 bedroom house there should cost around about $1,000,000 and should double in price in 10 years. Interest rates are very low and there is no interest premium on a buy to let investment mortgage as there is the UK.

I'm not sure if this post is ironic. If not, you have linked to an article which says

"the treasury secretary, John Fraser, warned that parts of Sydney and Melbourne are experiencing a housing bubble"

ScorpiondeRooftrouser

Running_Horse wrote: »

By reading books! Do pay attention.

The only problem with this post is that the OP has thanked you for it...he thinks you are being serious.

NullDrone

ScorpiondeRooftrouser wrote: »

The only problem with this post is that the OP has thanked you for it...he thinks you are being serious.

Why aren't books good? They are written by professionals and those who have succeeded in real estate, I think it's more valid than random people that have doubt and a patriotic bias to the UK. In reality the UK is a boring country where people sit at home drinking cups of tea watching TV, few people actually do fun stuff and the majority of them just want to have petty little squabbles, I've met people from all over the world and it seems to me that most brits are like that. And it always rains here, people think they have a good country but always end up saying "What do you want to do tonight?, oh wait there's nothing, except the pub and TV, in hotter countries you can spend the day by the pool, people don't sit in like they do in the UK.

What are you basing your opinions off? Have you read books? Have you actually succeeded in real estate? Or are you just doubting? Lots of people fall into doubt and hence don't even try, common sense and conventional wisdom is always crap, I hear it all the time that people have a common opinion and it's usually wrong, they just assume without looking into the matter.

HappyMJ

ScorpiondeRooftrouser wrote: »

I'm not sure if this post is ironic. If not, you have linked to an article which says

"the treasury secretary, John Fraser, warned that parts of Sydney and Melbourne are experiencing a housing bubble"

They have high levels of immigration and aren't releasing enough land to build on so demand is far outstripping supply. Many are doubting there will ever be a "crash"...a correction yes but not a crash. There's still plenty of value there. Yes parts of Sydney and Melbourne are experiencing a housing bubble but look at the other parts.

ScorpiondeRooftrouser

NullDrone wrote: »

Why aren't books good? They are written by professionals and those who have succeeded in real estate, I think it's more valid than random people that have doubt and a patriotic bias to the UK. In reality the UK is a boring country where people sit at home drinking cups of tea watching TV, few people actually do fun stuff and the majority of them just want to have petty little squabbles, I've met people from all over the world and it seems to me that most brits are like that. And it always rains here, people think they have a good country but always end up saying "What do you want to do tonight?, oh wait there's nothing, except the pub and TV, in hotter countries you can spend the day by the pool, people don't sit in like they do in the UK.

What are you basing your opinions off? Have you read books? Have you actually succeeded in real estate? Or are you just doubting? Lots of people fall into doubt and hence don't even try, common sense and conventional wisdom is always crap, I hear it all the time that people have a common opinion and it's usually wrong, they just assume without looking into the matter.

Look, you've been told. I don't now how old you are, I suspect about 17. This is not going to work for you unless you are making a business out of it, and you don't have anything like enough money to make a business out of it even if we assume anyone would lend you what you need (which is in excess of the whole value of the property you expect to buy, your £8,500 won't even cover up front expenditure - it's a laughably small amount of money, which you don't seem to get) You clearly have no idea of the extra costs you will incur trying to run a property abroad - it has nothing to do with one country being better than another, it has to do with you not being there and therefore having to pay other people to do the things you would be able to do yourself.

As far as books go, whatever your opinion is, you will find a book that shares it. Books about investment are a nonsensical concept because in the time they take to come to market, conditions will have changed completely. Do you really think people making a success out of their business think "I'll write a book about this and make a pittance"?

But if you think you're right and I'm wrong, go ahead and try.

Barter

Knowledge from a book is only as good as the knowledge of the person who wrote it, and I've read too many books with inaccurate information in them to rely on them - including the ones I read on buying property in France, before I bought a house there. And I spoke the language adequately.
However I'd like to see people improving their English before attempting anything complex in another...

theartfullodger

Syria & North Korea probably have the greatest potential upside: Serious point, not a joke: But a decision only for the stronng-hearted with the ability to take a loss & have the long view

NullDrone

Quizzical_Squirrel wrote: »

As in so many disciplines, real estate writers are mostly those who've identified that the biggest moneyspinner in their field today is selling how-to books to newbies.

There are so many other fields where writing for eager noobs is more profitable nowadays than actually practising their profession. Creative arts are heaving with book writers and bloggers.

Yes, they have the knowledge and once used it successfully but now those golden days are over, they've switched to this new revenue stream.
And they're laughing all the way to the bank.

Why are those golden days over? If you can attain the mortgage, get the rent paid and are able to study the laws, prevent all things likely to go wrong you should be fine. People do write books and a lot of them are crap, you're right, but is it really the case with this? All these ideas in the books seem good, to me it just seems that you are being negative.

People are going on what they've heard here, but this is definitely not as good as reading from professionals. Theoretically it sounds fine, the only problem I see is the laws and actually attaining the mortgage, their are ways around that though, I'll keep on reading though.

NullDrone

Quizzical_Squirrel wrote: »

There's nothing wrong with having high aims and thinking outside the box.

Just be aware that you're ripe for the picking.
We can all see it and maybe we're less sanguine but we're on your side. Others are not.

Thankyou, I appreciate people being on my side. :money:

ScorpiondeRooftrouser

There are two kinds of people in the world who will appear to be on your side. Your family and maybe closest friends, and people who think they have something to gain from you.