Monday, Jul 24, 2006

The world's gone mad, let me off...

Independent: New hotspots on the radar of househunters

From Turkey to South Africa to Cape Verde, British buyers are broadening their horizons...

Posted by miniftse @ 02:37 PM (643 views)
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6 Comments

1. harold said...

"In South Africa, meanwhile, you can pick up a four-bed house with swimming pool near Cape Town's vineyards for just 140,000." For JUST 140,000 - bargain!! Plus there's a lovely view of the shanty towns as you come into land; that's after squatting for 9 hours in Economy Class and shelling out 's for the flights - don't tell me, Easy Jet does Cape Town for 15.99 (excluding taxes of course).

Monday, July 24, 2006 03:59PM Report Comment
 

2. Bloody Annoyed said...

a work friend of mine has just returned from south africa after going "home" to live after 10 years away. In the space of 5 months, a work collegue had been murdered and outside his work place and a disgruntled taxi driver angry at another driver entering his patch, opened fire with an ak-47 killing the driver and 7 fare paying passengers. But he had a lovely house, i've seen the photos.

Monday, July 24, 2006 04:26PM Report Comment
 

3. Retiredbanker said...

harold,

Quite so, and you could also mention the soaring murder/ general crime rates.

I read somewhere that the London Borough of Earlsfield has about 14,000 South Africans living in it (including
my cat's vet). People thinking of buying a property in S.A. should first take the opportunity of speaking to
one of these immigrants before risking taking the plunge.

Also if the oil depletion experts are correct, then commuting to these distant holiday properties may prove
somewhat expensive/difficult in the not very distant future.

Monday, July 24, 2006 04:30PM Report Comment
 

4. Surfgatinho said...

I have a South African friend who owns some land over there. It has gone up in value pretty much inline with UK prices - 2 words for you: boat missed!

Monday, July 24, 2006 05:49PM Report Comment
 

5. P. O. O. R said...

What is interesting, is that I know of several people who based on their inflated house values, have taken early retirement (early 50's), selling their house, and then buying a house in the sun - The canary Isles, Spain, and Borneo (Malaysia) - The price difference meaning that they now buy cheaply and get a good monthly return on their savings to live on whilst waiting for the company pensions to start paying in another 10 years or so. Whilst I appreciate their are a lot of places to avoid it doesn't seem a bad idea to me - I guess they could then always return to the UK when prices become more realisticaly affordable.

It's not only house prices in the UK that are so expensive, but it seems so is every thing else - Tobacco, Beer, Petrol, Eating out. Also with technology people can spend several months at a time in their second house, and still work full time - I until recently used to travel extensively, and through Internet phones it did not matter where in the world I was, as far as my contacts were concerned I was in the UK.

Borneo sounds a good idea - Average monthly wage = 150 - large house = 30,000 - Language English - Hot all year round - just very humid.

Monday, July 24, 2006 06:09PM Report Comment
 

6. Jimmy James said...

I hear Lebanon has knock down prices for knocked down buildings! A sure fire hit with all those Israili visitors!

Tuesday, July 25, 2006 04:54PM Report Comment
 

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