Buying property in the EU: Yay or Nay?

davidmcn

theartfullodger wrote: »

Well, the UK is in the EU, consider there:.

And parts of the UK have a better chance than others of remaining in the EU in the long term...

the_toby_way

I'd be buying as an investment mainly.

I do plan doing extensive research, but for now thought it best to find out obvious hurdles or benefits that i had yet to consider.

I'm still umming and arring whether attempting to buy in the UK is a better option for now, but as I'd be based in London for the forseeable future, after searching, shared ownership is my only option.

Thanks for all your advice!

steampowered

the_toby_way wrote: »

as I'd be based in London for the forseeable future, after searching, shared ownership is my only option.

This is important information. In your circumstances, buying property overseas would be complete utter madness.

You would be tying up a great deal of capital in an overseas property which is a high risk investment and very illiquid - you might not be able to get it out to any reasonable timetable.

You would also be throwing away any benefits you'd get from being a first time buyer, and subjecting yourself to the higher rate of stamp duty if you move - which in London especially is a lot of cash.

Stick to conventional investments. Consider a stocks & shares ISA.

davidmcn

the_toby_way wrote: »

I'm still umming and arring whether attempting to buy in the UK is a better option for now, but as I'd be based in London for the forseeable future, after searching, shared ownership is my only option.

Sorry, I don't follow. You'd consider buying a property overseas, but not one in the UK if it's anywhere other than London?

AdrianC

the_toby_way wrote: »

I'd be buying as an investment mainly.

Ewsh.

So not only are you introducing property market risks and liquidity to your investment, but you're also introducing forex risks.

Go on, give us a clue as to the kind of yield you're expecting, and how you're calculating it...

the_toby_way

I posted on a forum, because in my experience they are for discussion rather than judgement. At no point have I gave the illusion that I had done extensive research, and therefore should not expect ridicule.

Thanks to everyone who has been insightful.

the_toby_way

davidmcn wrote: »

Sorry, I don't follow. You'd consider buying a property overseas, but not one in the UK if it's anywhere other than London?

I'm considering all options at the moment as I'm only gaining knowledge.