Forget Buying Overseas, Rent Your Way Around The World

[soldintime]

Why pay over the odds in the UK when you can rent for next to nothing in places like thailand.

Checkout this big property only £77 a month rent.

http://www.udonrealestate.com/20069.asp

Sell your house in the Uk and retire early. Or if you can work remotely travel the world and live cheaply like a king.

I am tempted.

[The Soup Dragon]

Many that do this forget to make the equity this releases work hard for them and find they can not afford to move back a few years later. (Know that won't be the case for you Soldintime!) Where's your preference now - Malta, Thailand or elsewhere?

[Chicken]

Believe it or not, that property would still be offering somewhere in the region of 9% yield.

My mum has a plot of land in Southern Thailand and wants to build a house on it. When she told me it would cost somewhere in the region of £10k to build something like that, I told her to go nuts and build a palace for £20k!

[TeddyBear]

Why pay over the odds in the UK when you can rent for next to nothing in places like thailand.

Checkout this big property only £77 a month rent.

http://www.udonrealestate.com/20069.asp

Sell your house in the Uk and retire early. Or if you can work remotely travel the world and live cheaply like a king.

I am tempted.

Agree that renting your way around the world probably makes far more sense than risking property laws in countries where you don't know the language, culture etc. However, Udon is a pretty poor part of Thailand isn't it and not much going on there?

[soldintime]

My favourite is still Malta at the moment. Cheap rentals £140- £240 a month for a 2-3 bedroom flat and no council tax. In thailand the yield is not 9% also there you will see yields very close or below the cost of lending. But I could see myself spending 9 months in Malta and 3 months in thailand per year.

Lots of yanks retire in Udon Thani. Cheap and it was a major base in the Vietnam war. I used this house as an example. Udon thani is pushed a lot in American retirement magazine international living.

I would like to rent near a beach but found reasonable 2 bedroom houses in Phuket for £200-£250 a month, same in koh Lanta.

Have your investments save in something like precious metals, high yielding property in Japan, Germany or Uruguay and rent the house you live in. It gives you all the flexibility that you can choose were to live.

Thailand and Malta do not tax you on your overseas earnings. So the capital you have from a house sale will grow free of the tax man.

Companies move HQ to lower tax countries, follow there movement and become a gloabl citizen. Taxes in UK will go up soon, the budget deficit is getting out of control and we have not seen the economy slowing down yet. That will be a double whammy. Throw in Northern Rock plus some other future banking crisis and tax will have to go up dramatically. It is time to become country independent. The hard thing is to convince the other half.

[Guest_ringledman_*]

My favourite is still Malta at the moment. Cheap rentals £140- £240 a month for a 2-3 bedroom flat and no council tax. In thailand the yield is not 9% also there you will see yields very close or below the cost of lending. But I could see myself spending 9 months in Malta and 3 months in thailand per year.

Lots of yanks retire in Udon Thani. Cheap and it was a major base in the Vietnam war. I used this house as an example. Udon thani is pushed a lot in American retirement magazine international living.

I would like to rent near a beach but found reasonable 2 bedroom houses in Phuket for £200-£250 a month, same in koh Lanta.

Have your investments save in something like precious metals, high yielding property in Japan, Germany or Uruguay and rent the house you live in. It gives you all the flexibility that you can choose were to live.

Thailand and Malta do not tax you on your overseas earnings. So the capital you have from a house sale will grow free of the tax man.

Companies move HQ to lower tax countries, follow there movement and become a gloabl citizen. Taxes in UK will go up soon, the budget deficit is getting out of control and we have not seen the economy slowing down yet. That will be a double whammy. Throw in Northern Rock plus some other future banking crisis and tax will have to go up dramatically. It is time to become country independent. The hard thing is to convince the other half.

Is Malta really that cheap to rent? I fancy moving there if so.

[soldintime]

Malta outside valetta & sliema is that cheap and gozo is even a bit cheaper.

This one is about £165 per month for 3 bedrooms. http://www.franksalt.com.mt/page.asp?n=pro...Property=104670

This one is £140 for 2 bedroom - http://www.franksalt.com.mt/page.asp?n=pro...Property=103258

Both are fully furnished.

You will find similar things although with higher prices in spain. Too many holiday home people that can't sell and have only 3-6 weeks rent a year are happy for you to take a long term rent at 350-400 euros for 3 bedroom place.

I like malta as it has some tax advantages over spain. Nice place to run your investments from free from the taxman.

[soldintime]

Cyprus great country to retire when you have a pension, only taxed 5%.

rent flat with nice pool for http://www.simplycyprus.net/rental.php?offset=16

when you are bored you find somewhere else to go.

[john84]

You could always retire to Bulgaria - a British pension goes along way here http://www.hiday.net/news.php?newsid=74

[soldintime]

Bulgaria, not high on my list. Short summer. Taxed on worldwide income. Don't know the healthcare situation. Plus I like good cuisine.

[soldintime]

Confirmed again. Too many holiday rentals depress the market. Renting is the way forward especially in holiday destinations. See this article recently published in Money week. Join the rental revolution.

Holiday lets “desperate” for punters.

There seems to be a “collective myopia” on the property pages about

the letting of holiday homes, says Stephen Womack. There are endless

articles about the likely investment growth and letting potential of your

holiday home, but no one ever talks about who your tenants will be.

The truth is that there is only a finite pool of Britons who want to rent a

villa in the sun: many prefer a hotel holiday, while others would rather

have adventure. Remember, too, that “each person who buys a second

home deprives the rest of the market not of one tenant, but several”.

Friends and family will often get free use, or qualify for ‘mates rates’.

Property agents argue that tenants will just come from further afield –

from India, say or China. But with environmental pressures and oil

costs likely to soar over the next decade, this seems unlikely. One

warning sign is already there: many property investors who feature as

media case studies now only do so in return for a plug for their rental

site. Their desperation probably isn’t unique.

[dogbox]

TOURISTIC PROPERTY RENTALS;

Whilst I am aware of people who struggle to let thier touristic property I am also aware that we ALWAYS struggle to find a villa in the locations we have tried, namely, Menorca, Sardinia, Greece and Calcan in Turkey.

This has been our experience over the last 10 years and even when we book well in advance all the properties we want have gone!

In other words there is demand for the right property in the right location.

EXTENDING THE SEASON;

When we wanted to buy a villa abroad our biggest concern was not to have an investment that is un let outside the main summer season which is a common problem in many resorts.

We felt our best chance of capturing off season rentals was to buy in a very large development which had masses of facilities to draw people off season, in the way that Centre Parks do.

We also wanted a development with a beach a lots of onsite golf as well as good medical facilities on site.

With everything in life there is a correct formula. Those that simply buy on 'just another' Spannish development may well find rentals will not be sufficient.

[catara]

TOURISTIC PROPERTY RENTALS;

Whilst I am aware of people who struggle to let thier touristic property I am also aware that we ALWAYS struggle to find a villa in the locations we have tried, namely, Menorca, Sardinia, Greece and Calcan in Turkey.

This has been our experience over the last 10 years and even when we book well in advance all the properties we want have gone!

This is the best joke of the the new year.

There are 100 of thousands of villas for rent and you tell me that you have not found one???

That means you either are totally ignorant and do not not how to search or that you are just an arogant freak who wants the Moon for dinner.

[soldintime]

There's a better way:

+ Live where's its cheap, because property cycles have slid

+ Buy where you live, provided they have turned up again

Doug Casey has done this all around the world, and I'm doing it now in Hong Kong

Check out: http://www.EscapeArtist.com

Yes that sounds OK if you know where you want to live. At the moment I like to stay in Europe. I want to stay in a place that does not tax you on your worldwide income. The best place is Malta at the moment and renting is dirt cheap compared to buying. I will invest elsewhere for good returns.

[soldintime]

TOURISTIC PROPERTY RENTALS;

Whilst I am aware of people who struggle to let thier touristic property I am also aware that we ALWAYS struggle to find a villa in the locations we have tried, namely, Menorca, Sardinia, Greece and Calcan in Turkey.

This has been our experience over the last 10 years and even when we book well in advance all the properties we want have gone!

In other words there is demand for the right property in the right location.

EXTENDING THE SEASON;

When we wanted to buy a villa abroad our biggest concern was not to have an investment that is un let outside the main summer season which is a common problem in many resorts.

We felt our best chance of capturing off season rentals was to buy in a very large development which had masses of facilities to draw people off season, in the way that Centre Parks do.

We also wanted a development with a beach a lots of onsite golf as well as good medical facilities on site.

With everything in life there is a correct formula. Those that simply buy on 'just another' Spannish development may well find rentals will not be sufficient.

Hopefully it will all work out. Loads of these all in resorts or places on the golf courses are being built. What might look like a good investment for a while will eventually not provide enough rental return. Centre Parks have captured the market for people that want to do a local holiday in their own country very well. Family gatherings are very popular. I doubt if this will work longer distance.

With credit crunch happening and recession down the corner in UK and other european countries I doubt if there will be good rental years for the next 1-3 years.

[esmerelda]

TOURISTIC PROPERTY RENTALS;

Whilst I am aware of people who struggle to let thier touristic property I am also aware that we ALWAYS struggle to find a villa in the locations we have tried, namely, Menorca, Sardinia, Greece and Calcan in Turkey.

This has been our experience over the last 10 years and even when we book well in advance all the properties we want have gone!

In other words there is demand for the right property in the right location.

I don't want to get too cute but ....dogbox your search might be affected by your spelling???? It's Kalkan, not Calcan...& there's loads of villas/apartments available for rent there...all available right now on www.ownersdirect (& yes our apartment is one of them!!!.

[dogbox]

Soldintime

I hear you on the 'loads of all - in golf developments', however, there will still be good commodities and not so good.

All we can do are careful comparisons of end user likely experience.

For my part I went for a development that includes a hospital (its now built and is pretty sizeable, not the usual small clinic that most developments have), the Meds largest marina (70% completed) and 11 onsite branded hotels (not the 1 or 2 most developments sing about).

I notice a lot of posters use blanket logic, for example 'worldwide property crash' which to be frank is the type of rationale employed by George Bush with his 'axis of evil' which entirely misses the true complexity and complection of the reality on the ground.

Furthermore it is in times of uncertainty that the smart investor takes positions and acts upon them, rather than waiting for the crowd to decide whats going on.

Worrying about background noise and lifes petty ups and downs is a fools paradise. My villa wont be ready for at least 18 months anyway and Im quite confident the end users will come in thier droves regardeless of the unending drone of doomsayers that inhabit very narrow mental bandwidths and tend to be obsessed with the hear and now rather than the hear and tomorrow.

[dogbox]

I don't want to get too cute but ....dogbox your search might be affected by your spelling???? It's Kalkan, not Calcan...& there's loads of villas/apartments available for rent there...all available right now on www.ownersdirect (& yes our apartment is one of them!!!.

Thankfully my wife can spell Kalkan , she does all the searching and so far we have been unable to get a slot in any of the villas tried.

To be honest we are new to Kalkan so I should not have included it my list above . Caught red handed!

My personal choice when it came to owning abroad would be in a small peacefull resort, not on a mega development, but from an investment point of view we felt a facilty laden all in one development was a better option in terms of extending the rental timeline. We know of too many people that have property in one off small developments and also on Spannish golf developments (those that claim lots of facilities but in fact do not offer much for a broad range of users), that fail to achieve a long rental season.

[soldintime]

I started this topic not to talk about holiday rental investments but to talk about renting places places around the globe cheaply. Due to massive gluts in BTL and holiday lets rents are pushed way below the cost of capital and maintenance.

Renting properties for longer term things like local community, schools, culture and food play a more important role. This is something you will not find in 5 star resorts. They are catered for people that want a one or two week break. There might still be a good demand for this. It is hard to get a good opinion on this as 99.9% of property related articles are ramped up. How many 5 star holidays are taken by the "follow the celebrety lifestyle" and lets put this holiday on our credit card types. This type of credit will become more and more restricted.

What I can tell is that I can have a fantastic cheap lifestyle in quite a few places in the world renting the property that I want.

[dogbox]

Soldintime, it sounds a great lifestyle, I'm envious.

There are an awful lot of people who are'nt investment savvy. Only yesterday someone told me they own a property in Italy and has given not the slightest thought to the cost of capital provision, the rental season (which I think will be no more than 12 weeks), comparative investment returns (cash in Bank vs thier property investment), ongoing costs such as rubbish collection etc etc.

It seems most people consider simply owning property is an investment, end of. A savvy b@stard like you will be able to suck the marrow from people like this, and they wont even realize this

[soldintime]

Once you enjoy your heavily subsidesed rental property in a nice warm location somewhere on our globe the next step is to swap it. Escape the busy school summer holidays and swap it for a nice place in Berlin, Paris, Barcelona or anywhere you fancy.

Check out these two websites:

http://www.homeforexchange.com/

http://www.intervac-online.com/index.php

Good quality life can be found on the cheap. Forget property ownership for the moment it is expensive and inflexible to a changing lifestyle.

[RichieIchiban]

To be the idea of renting is a sound one (be it here or abroad). We're currently looking at moving to Japan for a year or two. Rents are far cheaper than the mortgage on the same property would be (and the property is likely to depreciate anyway). English people seem to have developed this obsession with buying property, and their reasons for doing so are often based on false assumptions. Renting your way around the world sounds like a fantastic idea. No legal fees, insurance, maintenance or negative exposure to a risky property market.

Edited February 3, 2008 by RichieIchiban

[WasSeller (ex-WouldBe)]

Once you enjoy your heavily subsidesed rental property in a nice warm location somewhere on our globe the next step is to swap it. Escape the busy school summer holidays and swap it for a nice place in Berlin, Paris, Barcelona or anywhere you fancy.

Check out these two websites:

http://www.homeforexchange.com/

http://www.intervac-online.com/index.php

Good quality life can be found on the cheap. Forget property ownership for the moment it is expensive and inflexible to a changing lifestyle.

I'm with you soldintime... am sale agreed and crossing fingers for completion soon so I can start gallivanting. Feck this property ladder lark.

[soldintime]

Rents are dropping fast in Spain due to oversupply, glut in unsold property and lower demand due to high oil prices. Must have an effect on other countries around the med as well. Great if you want to rent and sample different countries.

http://www.propertywire.com/news/europe/ho...0080514960.html

[markinspain]

Rents are dropping fast in Spain due to oversupply, glut in unsold property and lower demand due to high oil prices. Must have an effect on other countries around the med as well. Great if you want to rent and sample different countries.

http://www.propertywire.com/news/europe/ho...0080514960.html

Agreed - see my posts in the Spanish Investment thread.