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About CarterUSM

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  1. Hi Quite often on my Facebook feed, I have advertisements from the Move Channel, offering the chance to invest in co-working spaces from as little as £20k, and offering yields of 8% upwards. Whilst sounding very promising, there’s a ring of ‘too good to be true’ about it. At the moment I am looking to invest about £70k in property of some kind, and at the moment my first choice would be an apartment in Berlin. My intention is for long-term (10 years) capital gain; any net rental income would be seen as a bonus. Does anyone have any opinions or experiences regarding investing in individual co-working space projects as advertised by the Move Channel? How favourably would the scope for relative capital gain compare with my proposed investment in Berlin, and how do the two options compare with regard to risk? If I did wish to invest in co-working spaces, would I be better off simply buying shares in companies which offered them instead, rather than making a direct large investment into individual products? Finally – sorry, I know I’m asking a lot, but does anyone have any suggestions as to whether I should be investing my £70k in other investments which offer more scope for capital growth – be they individual funds/shares, particular market sectors, etc.? Very many thanks in anticipation of your assistance.
  2. Hi I am seriously considering investing in a property in a city in Europe where there is a year-round demand for visitor accommodation, and also where there appears to be scope for capital appreciation. I intend my maximum outlay to be no more than £60,000. My intention is to let the property out as short-term visitor accommodation, and the ultimate objective being long-term capital appreciation. I would put management of the property in the hands of a local management company who would be responsible for furnishing and maintaining the property; collecting payment; and handling reservations. After having done some initial investigations, I would be particularly interested in the possibility of buying such a property in Berlin, as there are fewer restrictions on foreigners owning property in Germany than in many other European countries; property still appears to be relatively inexpensive there; there is a year-round demand from visitors; and the local market would still appear to offer scope for capital growth. I do not anticipate any problems in financing the purchase as I have the necessary funds readily available. I am aware of the capital gains tax condition for the sale of any property in Germany within ten years of its purchase. What I would really appreciate is if anyone may be able to enlighten me regarding the potential advantages and disadvantages of my proposed course of action. Specifically, I would be interested in your thoughts as to whether there are other areas in Germany, or elsewhere in Europe, where property is still relatively inexpensive, where the scope for capital gains is thought to be favourable, and the procedure for buying property is not considered to be too cumbersome. In addition, I would be interested to hear people’s views as to the pros and cons of buying an overseas property with the intention of letting it out for short-term visitors, as opposed to letting it out to long-term tenants. Finally, I would be very grateful if anyone could point me in the right direction regarding the following; (i) other sources of information relevant to my enquiry; (ii) any other forums devoted to overseas property investment; (iii) any UK agents specialising in overseas property, (iv) any overseas agents with offices in the UK (specifically in Liverpool, Manchester or central London). Very many thanks in anticipation of your assistance, and I look forward to hearing from you.
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