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Some Advice Please

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I'm considering moving out to Dubai in the next 12-18 months. The plan is to work out there for a few years, enjoy the tax-free lifestyle and when I come home eventually (if I do) I'll have a nice bit of bunse saved.

Question is.... do I bite the bullet and buy something over here before I go and let it out?

I have been a great believer in the forthcoming HPC for a couple of years now and I think that it is inevitable that it will come.... eventually.

If I was to buy something, there is no way I would be willing to pay the sort of asking prices people are looking for. I would be looking to offer 30-40% less. Question is, who is gonna accept that kind of offer???

It has never really been my intention of going into the BTL market, but if I bought something now and could get a guarenteed rental income which would pay the mortgage and then when I return to the UK had a sizable deposit to put down on another house to live in, that would be my pension taken care of.

Has anyone else done something similar, buying before moving abroad?

Before anyone shoots me down... I know it's not that easy, I'm just talking hypthetically at the moment.

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  • 301 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%

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