Thursday, Aug 03, 2006
Can't buy here, then buy abroad...eh???
Firstrung: First time buyers should avoid the gamble of buying abroad
Amongst all the exotic schemes to have emerged during the past five years buying abroad as an FTB is surely the craziest. Yes, yes, an anecdote can always be dragged up highlighting "student nurse Molly who invested in Bulgaria two years ago, made 20K, then put the profits into a 'home-buy' shared ownership scheme flat which has gone up in value by 10K.." Now here's a thing, just who is Molly selling to? That's right, more British expats playing the house price inflation game of 'spoof', what happens when we stop exporting this nonsense?
Posted by converted lurker @ 12:57 PM (153 views) Add Comment
1 Comment
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1. The Bald Man said...
Just wait and buy into the Uk market when the BTL's are unloaded as returns fall below break even