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Everything posted by soldintime

  1. Here an update after 3 and a half years of no posting on this threat. I am still renting and gosh did I travel the world. I decided the take kids out of school and home school for two and a half years. Rented in Bangkok, Hoi An, Ho Ch Minh City, Tuscany plus did lots of travel. Back in Andorra again. I would not have done all this if it was not for the flexibility of renting and AirBnB providing so many short term rental choices, which can be reasonably cheap outside school holidays.
  2. Having lived in Malta and rented extremely cheap 1- 2% of purchase price. I would not bother buying. Rent first and if you still love island living after 5 years then buy.
  3. Having lived in many places Holland (born there), UK, Malta, Australia, Andorra I can't say one is better than the other. What I can say is that each one of them has enriched my family. I am love the fact my kids are fluent in 5 language by the age of 9 and are very flexible. They do struggle a bit with the concept of home country and where do they belong, there is zero patriotism. I am worried with the move to nationalism and the whole Brexit anti immigrant, anti Polish moves I have seen. It is not only a UK thing, after 2008 crisis people have become more xenophobic around the globe. As
  4. Renting in Andorra for the last 6 years. Rents are decent (€2000 for 4 bed house) and fixed for 5 years, however they have gone up lately due to influx of French and Spanish escaping local taxation and information exchange on undeclared money in Andorra. Property prices here have to be taken with a grain of salt. There is zero transparency here so you get no idea of what things sell for. Me with my feet on the ground know that on some properties the difference between advertised price vs sold price can be as high as 50%. Due to information exchange on money in the bank there are 2 huge mo
  5. This is not fantasy world. The telegraph is just getting paid by these local estate agents to promote these luxury "out of the normal peoples price range" properties in France. That is all, just a pure business decision.
  6. Update here. With zero percent interest rates for the foreseeable future and a deflationary environment like Japan had for 25 years to be the new norm. I expected this as I have the word deflation in my profile for the last 10 years on this forum. It is starting to make sense to buy property instead of renting it. I am also more grounded than ever with my kids. I am still a sharer though, so will Airbnb my house, do home exchanges or house sits. My kids have 18 weeks school holiday so there is plenty of time to enjoy other areas. Since I have started this thread 8 years ago the sharing ec
  7. I am researching the Spanish market that seems to have bottomed out. I have the following tips for would be buyers. Do your own research and look at a lot of properties - The market in Spain is notoriously non transparent, there is no open registery where you can find sold prices. You have no idea what a good low price is. Only by visiting many properties and tracking them you get an idea of where the prices are. Some houses easily sit on the market for 2-3 years and now that the economy is going slightly better the first thing they do is raise the prices (are they nuts). To give you an
  8. I thought after 1 year lets check again and do an update. You can follow my post on this thread back to 2006 when I first invested in Leipzig. The characteristics then were: High unemployment Very Cheap prices Difficulty with finding finance Everyone was negative about house price growth 10 Years later Leipzig has grown from just under 500K to 570K population. Unemployment is 9% still higher then rest of Germany. We have seen a boom in prices in Munich, Hamburg and Berlin. Tier 2 cities have been picking up and this has gone to Leipzig & Dresden as well. I am ou
  9. The house I put pictures up a few post ago, sold 3 months later, I think that was a good deal. In the end the area was just not prime enough for me to weather another crisis. So still looking around and still seeing striped down places for way too much money. Oh and do I love google maps where you can go back in time to see what has happened to the area. Here is another home way too expensive and stripped down - http://www.habitaclia.com/comprar-casa-carrer_del_migdia_6_buen_estado-roca_del_valles-i9417002111806.htm On the market for €550K, I think it would need to go to under €300K for me t
  10. Here are the facts. Leipzig also known as hypezig is the fastest growing town in Germany. Most of it comes from other areas in the east where population is shrinking. If you invest in the East I would stick to Berlin, Leipzig & Dresden. The time to invest in this part was 2005 2006 since then property prices have doubled. Germans don't buy houses and are long term renters. However Germans do like a good yield and are weary of QE and are looking for investments with a return. As far as unemployment, yes it is higher here but it has come down a lot.
  11. Holy [email protected] that is not a place a would want to rent. Great find though..
  12. The euro crisis was a while ago. But what we have seen at the European elections that Europe's problems are far from over. Spain is fighting with high unemployment and deflation. So what would leaving the euro do to Spain. Here is an interesting read. http://www.businessspectator.com.au/article/2014/5/26/european-crisis/what-spanish-exit-euro-would-look
  13. Keep up the posts. Love reading what is happening in France.
  14. Here are some pictures. Advertised for €230K needs about €30K spending on it. so €260K before purchasing cost. I am tempted by €200K for the finished article. Land price alone (1100M2) is about €60K in current market after heavy discounting Any comments welcome.
  15. Gosh, That looks barren and remote. I am not so confident it is a good price. I think you are right about discounts in prime stock.
  16. MaxD Well done for sourcing out of China for most of your stuff. I will certainly look in to this. I am still exploring options at the moment. No need to rush into this market yet.
  17. It is not a complete shell. It had been lived in for a couple of years, it just has been striped by thieves/vandals. It is tiled the walls and ceiling like good. The wiring is there, the piping is there and bath and showers are there. All the shutters are there however half of the window frames have been taken out. Plus half the kitchen is there. I reckon it would take €30K to do up nicely. I would be tempted if I get it finished and done up for about €200K another €10K should do the pool.
  18. Exactly, what bad journalism. After that we have the comment section where more agents and people that live in the areas are ramping.
  19. I am 8 years into my Leipzig investment. Still doing OK and happy with my investment. Anyone interested feel free to ask.
  20. I have been doing some more detailed research into possible areas of opportunities in Spanish real estate. My initial focus was areas which have had a severe price drop, but still close to big cities or beaches. I have been looking at an area 35 mins from centre of Barcelona and 10 mins from beach, where 4-5 bedroom detached 200 sqm+ houses go now for €190-280K, with land area of 600-1000 sqm. My initial house house i looked at was a 6 bedroom house with 1000sqm land, built in 2007. The house was empty for the last 3 years. The place was stripped bare, no electricity sockets, heating system st
  21. €350 a month long term rental for a villa in Spain with communal pool. Getting cheap now. I don't know the area, if it is really sh!t you can always go for this price. http://www.eyeonspain.com/rentals/longterm/rp5398
  22. Funny i was looking at home security and I came across this: http://www.maxfarquar.com/2011/12/is-your-home-really-secure
  23. I had a look at some properties advertised at eye on spain. Some reasonably priced like this 3 bed detached house with private pool. http://www.eyeonspain.com/property/private/sp1878 And then i saw this in the description: There must be hundreds of thousands of these locations where it is desolate.
  24. I was llerted to Cali by a friend of mine. We all know it was the town of Escobar. But things are cheap for a modern city in South America compared to other cities. Is it a bargain? Find out more here: Bargain properties, great lifestyle, and a low cost of living
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