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The Soup Dragon

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About The Soup Dragon

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  1. Icantbelieveitsnotbutter:- It could be argued that the UK economy is on worse footing. It has been quite a week on both sides of the Atlantic and I expect mortgage lending to become tighter still with better margins for the providers (higher interest rates.) This in turn will lead to greater affordability problems for their customers and place more downward pressure on house prices. As mentioned in other discussions we’ve had, part of the appeal to me of some funds and syndicates is that they are not reliant on house price inflation to see healthy returns. (House price inflation should be
  2. There’s certainly a lot to investigate / consider, but you certainly seem to be making good progress and are creating a healthy mix of assets. I know that various funds are set up whereby a company created in one company will fully own company held in another to reduce tax payable. I therefore suspect you should be able to set up a UK company to own a foreign company, though there will clearly be costs involved to set these up and compile / submit annual accounts etc. I realise that you’ll do your own home work on possible investment areas and check out laws as they stand to see how inherit
  3. The costs of placing property into SIPPS are quite high as are the ongoing SIPP management costs (note these vary and are more expensive when property is held in SIPP.) These costs occured over time need to be suitably low when compared to tax breaks on acquiring the property - SIPPs aren't suitable for cheap property. I suppose the answer for you will be determined largely by what you want to leave as a legacy. If your goal is to leave them with as much wealth as possible then there might be better options for you. As you’ll know, buying property is but one way of investing in property.
  4. That was a very interesting read in your link Carinbean Beauty. It paints a very bad picture, though I suspect the author isn't as close to the subject matter as he would have us believe. (Not surprising given these people have limited time to research their subject before having to produce the article.) I'm not well versed on the Caribbean. Putting aside his offensive comments, which brandish the caribbean as a play park for criminals and murderers, do you find yourself agreeing with most of what he has written?
  5. Reports I’ve been receiving on Estonian property prices are mixed. Some suggest massive price drops, others suggest stability in some sectors and drops in others. My take on it is that the expensive new build city centre flats are the ones that have taken a big hit in value. While prices of property built for the locals (not the F2L crowd) are proving more robust (little change in past year or two.) Icantbelieveitsnotbutter. I was in Tallinn twice early in 2006 and I was surprised how advanced they were. You could walk into just about any city centre pub, café, restaurant or hotel and us
  6. Einstein71. Nobody investing in Saidia would pretend that it is close to being a completed resort. So yes, it still resembles a building site and the marina is empty. You say the danger lights started flashing the minute you started reading the sales gibberish. There are things that have been said on here that have turned out to be incorrect or pie in the sky. However, those remarks were picked up on and responded to by Saidia investors. I note that you have recently joined the forum and therefore have only offered your views post Martina-Fadesa’s troubles becoming public. That’s proba
  7. Managed to post response beneath twice - just deleting this one.
  8. None of us have a crystal ball to say what will happen, but if Fadesa did become bankrupt then it is likely its assets will be sold on. I imagine it would make sense for Adoha to purchase Fadesa’s remaining stake in Saidia (if they have means to do so and price is right.) But that’s a lot of ifs, we’ll need to see how things pan out.
  9. 52% is a lot steeper than I had heard. If you have any links to show that there has been this sort of magnitude of drop then please provide them. Visited Tallin twice in 2006 and didn’t invest in city centre apartments as I felt that only a small proportion of the local population could afford the prices being asked. Nor did I like the fact that lots of them were springing up and that sqm price was similar to that in the Old Town. (Old town properties would always be in limited supply too, unlike the new build.) I could see that areas like Balti Jam were central and very popular with loca
  10. I haven't looked at individual countries from that perspective - other than the UK. I've been concerned about the affect an aging population will have for some time. As you have said, it will place an increased demand on the working man. The Government will look to raise more tax to pay for the increased burden on the state and that will result in those in employment paying a higher proportion of their wages in tax. I fear that those that have been responsible and saved towards a better retirement will in some way be penalised for their prudence. (Increased min retirement age; higher tax
  11. Sorry for the welcome you have received Janet. It amuses me that those that point to the rules are some of the worst individuals for violating them. At least those that are interested now know how to get in touch with you (PM function doesn’t work on this forum.)
  12. Hi and welcome Janet. Ignore markinspain's cheeky comment. What developer do you represent?
  13. Hi orgivan. I think you are comparing apples with oranges here. Your suggestion sounds ideal for the more discerning traveller / retiree. (I think it’s the sort of place I’d like to spend some time.) There are parts of Morocco that also appeal to the discerning traveller / retiree, though these are generally not the parts that we have bought properties. (Most on here that have bought in Morocco have gone for Marrakech or the large facility laden tourist resorts that are being built.) I’d like to hear more about Lake Atitlan, its surroundings, accessibility, climate etc. A note on health
  14. Sean, you’ll be relieved to hear I understand you this time! On leaseback, at least it should prove relatively hands free. Have you checked that you will definitely be able to sell on to locals at end of initial lease? I’ve read on one of the forums that no matter what your contract / lease agreements say, the management company has the right to keep renewing the lease for your property. I didn’t perform my own due diligence when I read that (had ruled out leasebacks) and it may not be true ….. just want to flag it in case it is true and you weren’t aware of it. (Think I read it on Tota
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