Tuesday, October 10, 2006
Too skint for Boreham Wood? Try Beijing
Buy to let isn't an investment it's an addiction, or perhaps just a disturbing example of crowd psychology. If you can't afford to pay £1700 psf in West London try buying in an exotic location where you don't know the laws, understand the culture or even speak the same language as your tenants. All I can say as someone who lives in Malaysia and knows something of the market here is more fool you if you jump in without knowing intimately every aspect of the market you're buying into. I think 'piffle' is the kindest word I have for Knight Frank.