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

Tipping Point In Northern Ireland

Recommended Posts

Many have bought £200,000 apartments that rent out for £400 a month.

Unless they have put down a deposit of 70%, they are running the flat at a month-to-month loss on the assumption of capital gains.

70% of 200k = 140k,

which could bring in over 500 pounds per month if they went for a boring investment with 5% return. Plus, they have had to borrow the remaining 60k.

There is of-course the tax-relief of BTL to consider, and I didn't calculate compound interest, but even so, I'm still speechless.

Share this post


Link to post
Share on other sites

If anyone here knows of anyone who is considering a speculation in property located in Northern Ireland, let them know...

from article:-

Investors are said to be no longer buying in Northern Ireland

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.

  • 354 The Prime Minister stated that there were three Brexit options available to the UK:

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal



×
×
  • 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.