I've spent a few months looking at Prague and Bulgaria regarding income-generating BTLs but all I've been able to find is estate agents trying to convince me to go for loss-making capital gains gambles. Are there any locations in Europe which is still an income-generating hotbed? Or am I just going to have to find the good deals amongst capital gains rip offs?

MattLG

This isn't a call for all you estates agents to advertise your location. If you have any advice, please outline your vested interests, if any.

MattLG

Don't know about Eastern European countries but I've looked around France and Spain and yields are so pitifully low it is just not worth it.

Why not look for some garages to rent out? You might get a better yield than residential accommodation with a lot less hassle and risk. Or what about high yielding shares like UU, LLOY that pay about 7%.

Yup, I definitely agree there :-)



Joking aside, that might not be a bad idea :-)



One step ahead of you there ;-)

MattLG

Matt, why dont you just bite the bullet if you really want positive cash flow properties and buy income producing property do it in US. You can get 25% gross yileds in areas with large populations, speak English, westminster legal system no CG hype and what is wrong with that ?

Bardon, which part of the USA do you get 25% returns in?

My conscience prevents me trading with or in the US.

MattLG

DRS you can get 25% returns in the main cities of Western New York. I have been buying and selling up there for more than a year. It is a very strange market not having had any growth for a very long time but now showing 6% and very strong rental market.

Drop me an email if you are interested in more info: rosslyninvest@bigpond.com

It is very simple, which 2 countries have bucked the trend in the global house price bubble? Germany and Japan. You will find good yield in Berlin for instance. 9-10% is very common and mortgages can be had for 3.8% for 20 years. Per square meter price is 500 to 1200 euro compare this to London prices of 5000 euro. Ok unemployment is high and economy has not done so great over past 7 years but you might get the bottom of the market here.

I am going this week to have a look.

dont they have rent controls in NY?

Not sure what you mean by rent controls. My properties are rented out at the market rate there is no regualtory or other requirements that I am aware of that impact rents.

Ive just bought my first in Berlin.

I looked at many countries but kept comming back to 2 things:

1) The trust factor - I didnt want to get fleeced

2) The economic outlook. German people have unreasonably low sentiment following re - unification, depite being the worlds number 1 exporter. In other words the underlying fundamentals make this a no - brainer.


The other location that meets both my golden rules is Estonia. The land is all Government registered and the Government very progrssive along the lines of Scandinavia.

Forget Bulgaria et al.