ToughEgg

Thanks, very useful info! Good luck with finding something suitable to buy and will follow your progress with interest. Housing stock doesn’t look the most attractive there from what I can see, but I saw they published a Pevsner IOM guide last year so there must be some nice places.

Appreciate the very insightful reply. Yes it’s a very unique place and as you say significant tax advantages. But I would worry cabin fever could and probably would set in during the winter unless you were pretty self reliant, what with the horizontal rain etc. Re low tax options, Monaco prices are mental, we’re talking 1m for a studio -read bedsit- but I guess you could consider Cyprus, UAE and Panama if you wanted a sunnier place (for shady people) than IOM. Channel Islands nice but I think want income of £750k for residency. I heard building and maintenance costs are very high on IOM, is that a factor bearing on prices, because with the weather there is going to be a lot of external maintenance? By the way, I don’t know how wealthy tax exiles would even be able to spend their money there though- do they really spend 183days a year there, or does no one check up??

How is IOM property in general doing since Covid? I would have thought the banking/gambling sector plus a lot of immigration were still keeping things high?

I'm all for a collapse in London property, but why would it cause a devaluation in sterling especially?

Sorry, maybe I'm missing something but did you just use the word bargain in relation to a £1.5M house?

Its worth thinking about. Anyone know any UK based dollar accounts?

Anyone brave enough to pile in?

Crings! That's a cautionary tale. Wish we saw some of those drops south of the Watford gap

I salute your never-failing consistency Bruce, wish my faith was as strong I think after frigging funding for lending I'm going through a dark night of the soul. Maybe I need to make a pilgrimage to Ireland to convince myself that house price crashes do really exist, someplace.

Yeah, saving now seems so 20th century, thanks to the turds who run this country.

Anyone know are there any petitions going to bring in a tax on foreign buyers?

What's stopping me rising up is CCTV

So the AVERAGE in london is now £374,568! Yet again I wake to find my bear nibbles have been laced with strychnine.

When the london bubble finally pops they'll be blown off their toilet seats in Krakatoa.

I get it- no need for plates or cutlery, you browse the roses like a giraffe