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Tipping Point In Northern Ireland

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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.

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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

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