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irishhombre

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About irishhombre

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  1. lol..i totally missed them...i was blinded by your sales pitch that "South Africa was a sound investment"....... ....everyone comes to here to sell property "back home" to green horn investors (loads of them in UK/Ireland)........just a pity you are about 6 years too late.... i love south africa....but i would not buy a tree house there....lol
  2. HI I was not spending as much time there as i would have liked, so i ended up renting out the apartment....for 5 years.....the rentals there are very strange...if you rent a place out it can only be for 6 months or 5 years.....no inbetweens...and if the tenant moves out early they must pay a months rent for each remaining year of the 5 year contract. But i do miss the place and if you are buying it is really cheap....but the pound is weak also..... Arinsal is the nicest place i think.....not as dead in the summertime.....and plenty of summer activities. good luck and let me know how you get on out there in the future. regards IH
  3. Eric.........you are having a joke with us green horns.....yes? i hope so.....because the only people who would actually take on board what you are saying are idiots who dont do research.... south africa is a crime ridden hell hole...... and yes...SA will make headlines during/after the world cup......"English fans get mugged, rapped, killed, shot......." your posts are funny though....i cant take them seriously......you must be an estate agent selling property out there..come on, admit it, you are...... Watch the headlines people......."50 Football fan gets murdered outside Ellis Park" Dont get me wrong, i actually love south africa and the people......the food is even better.....but its probably one of the most dangerous places i have ever been...... but come on Eric ....your are selling property there ...admit it.....give us the link to the property your are selling....
  4. Is anyone waiting to buy a property now, either for investment or as a home, but just cant because there are no decent rates available? If so, what part of the country are you buying in?
  5. there is so much of a demand for GOOD rental accommodation in London that the only reason it is taking a dive at the moment is because the rest of the countries falls and the media is dragging it down... i have actually had my rents go up by as much as 12% on some property.....i keep them looking really well and they tend to go within the first 2/3 weeks of being on the market. but time will tell.......i am betting on an increase in london prices in the next 2 years, but only if the lending rates (%) come down to 5% or below........i know i am ready to buy more property in London, i cant be the only one just waiting.......
  6. i should probably say that i only think that london will do ok over the next few years.....everywhere else is looking pretty bad. this thinking is purley based on my area, there is still a demand for good quality housing and i have seen the rents rise in the last 6 months by as much as 12% on one property and about 9/10% on the others....... ....i was amazed as anyone when the agent told me they could rent them for alot more than I was planning to rent them for.....and they did within a week of putting them on..... every area is different and it is very hard to generalise when it comes to property in the UK and Ireland...... good luck with the renting......
  7. Hi Bendecko, Not been on here for a while and just saw this old post.......how did you get on in Andorra? did you buy anything? IH
  8. i am a landlord and i used to do the live in share thing, if someone was to move out on me i would not chase them for the money etc...too much hassle.....just move out and count the deposit as gone... its idiots like this that give landlords a bad name.......did you have to do a rental deposit scheme ?? not sure if you do it for rooms, but if they were suppose to do it and did not then they have to pay you 3 months rent a comp......but not sure about houseshares....google it to find out more... good luck
  9. BTL's are doing really well now (trackers) from the interest rate drop.....i am paying 2.2% on 3 of my BTL's........and making alot of profit every month.......if the lending rates ease off, things should take a positive turn, especially now prices are lower.....its only the lending rates stopping people from buying/selling.....once they come down we will be off again i was a bit worried in the summer, but now i think there will be a push on prices next year (London only)............the capital values are down, but so are the purchasing prices....... i just bought a house for 70k under last years price.. ..very pleased with property right now, i have never before actually made profit from rentals....until now.... but hopefully this time they will keep loan to values at 75%.....this should slow the sales down and improve rents.....
  10. they could just email me the money out, i have a good printer.......i promise to only print it once and not photoshop the serial number...scouts honour.....
  11. I am afraid you picked the wrong site for advice about BTL's.........this site has lots of people who have just been waiting around for a property crash....hence the name......... even a broken clock is right twice a day........ As one reply said, BTL's are a long term investment.....so that means longer than 10 years....not 2 years. secondly, where are the properties (nobody even asked that???).......if they are outside London/south east i would take most of the advice here and run if you can....... London has the only decent rental market (not all areas, but quite a few) in the country and anywhere else was simply property hype and was always on the cards to come crashing down...... if you are in London then in quite a few areas the rents have gone up by 10/15%, and if bought in the last 2 years chances are your IFA put you on tracker deals which means your payments hould be coming donw alot by next month..... if you are coming out of your 2 year deals then you are probably in the same boat as alot of people and just waiting for some decent deals to come out....i know there are a few deals around the 6% mark at the moment... sorry to babble, but in short if the properties are not in London i would walk away from them.... good luck, hope it works out....
  12. i am just down the road from hampton in twickenham and the rents here have gone up by about 15% 1 and 2 bed places anyway, 3/4 bed houses have not changed that much i still see them on at the same prices they were at 2 years ago.....strange times
  13. buy or rent......its a difficult thing to call.....not even these so called banking heads could see anything coming.....so what hope do the average joes have.... but i would say this.....if you had bought a place at the start of the year........you would actually be paying much much less now than what you would be in rent....... but if we all had hindsight we would all be billionaires.......rodney... even if you wanted to buy now you would be paying a huge amount to get and pay for the loan...better to wait until the lending rates come down abit......just stick to the math...... edit..p.s...i would only consider buying in london (sorry, did not read where you are based) good luck
  14. dont buy now, wait until next october/november.......price drops still have a fair bit to go.
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