Jump to content
House Price Crash Forum
Sign in to follow this  
StoppedClock

I May Have Just Won A Million Sterling

Recommended Posts

I may have just won a million quid but am worried it will soon be worthless.

Given that I will only get this money in the next week am I too late to diversify out of GBP?

I was thinking about buying some property in stable established German cities which at least would provide me with a Euro denominated income (or Neu DMarks if it comes to that).

Any thoughts?

Share this post


Link to post
Share on other sites
I may have just won a million quid but am worried it will soon be worthless.

Given that I will only get this money in the next week am I too late to diversify out of GBP?

I was thinking about buying some property in stable established German cities which at least would provide me with a Euro denominated income (or Neu DMarks if it comes to that).

Any thoughts?

Champagne?

Share this post


Link to post
Share on other sites
I may have just won a million a hundred thousand quid but am worried it will soon be worthless.

Given that I will only get this money in the next week am I too late to diversify out of GBP?

I was thinking about buying some property in stable established German cities which at least would provide me with a Euro denominated income (or Neu DMarks if it comes to that).

Any thoughts?

Corrected due to the time erosion of value since original post was made.

Edited by SHERWICK

Share this post


Link to post
Share on other sites
I was thinking about buying some property in stable established German cities which at least would provide me with a Euro denominated income (or Neu DMarks if it comes to that).

Any thoughts?

Be careful - German property is extremely regulated both at renting and purchase level ( hence one of the reasons why they did not have a UK type property bubble) -taxes are also punitive by UK standards on any profits made.

Edited by Wires 74

Share this post


Link to post
Share on other sites

I may be the president of the USA, alternatively I MAY NOT!

Seriously if you have won a million you know! and if you know you wont be posting on HPC!

Share this post


Link to post
Share on other sites

Ok I didn't win a million but someone close who has finally woken up to the fact the UK may not be all sunshine and lollipops who has liquid assets of around that currently sitting in a UK bank and is asking for my advice. Now unfortunately I haven't a clue what to do, as an Engineer I was perfectly capable of seeing something was wrong but that does not mean I know what is right.

Everyone else she asks tells her all will be OK so I at least want to try and suggest something.

Re Germany property being regulated and taxed that is exactly the sort of thing for which she is looking... regulation. She only wants wealth preservation having worked extremely hard all her life to save this money.

If she gets capitqal appreciation then she will happily pay German taxes in appreciation for the population being hard workers and to their government for not trying to take the piss out of hard workers.

Share this post


Link to post
Share on other sites

Berlin property is an excellent idea if you do your research thoroughly. Email me and I'll send you details of some decent two bedroom apartments for circa EUR50,000 each with 8% yield.

james88000 at googlemail dot com

Share this post


Link to post
Share on other sites

If I had a million pounds I would investigate buying property in Austria. Beautiful country, good rental prospects in both summer and winter, and I recently read that Austria and Switzerland are about the only two countries where property is still appreciating in value.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.