| Overseas vs domestic buy-to-let investment [message #384934] |
Fr, 05 Mai 2006 17:10 |
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Hi,
I'm planning to buy an investment property and am torn between buying
overseas or here in the UK. My reservations about buying abroad revolve
around the 'unknown' legalities of the local markets, but my
reservations about the UK market are that the buy-to-let boom is over
and I'd be stuck with something I can't rent out.
does anyone have any advice? Are there still areas of the UK that
provide good yields and a good tenant base?
Thanks
Mark
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| Re: Overseas vs domestic buy-to-let investment [message #384936 ] |
Fr, 05 Mai 2006 17:23 |
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London.
<boadiethorne [at] hotmail.com> wrote in message
news:1146841821.219405.148570 [at] j73g2000cwa.googlegroups.com...
| Hi,
|
| I'm planning to buy an investment property and am torn between buying
| overseas or here in the UK. My reservations about buying abroad revolve
| around the 'unknown' legalities of the local markets, but my
| reservations about the UK market are that the buy-to-let boom is over
| and I'd be stuck with something I can't rent out.
|
| does anyone have any advice? Are there still areas of the UK that
| provide good yields and a good tenant base?
|
| Thanks
|
| Mark
|
|
|
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| Re: Overseas vs domestic buy-to-let investment [message #384942 ] |
Fr, 05 Mai 2006 18:06 |
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"Stickems." <Stickems. [at] last.invalid> wrote:
>London.
Which part ?
What's the -
yield ?
occupancy rate ?
estimated capital gain over the next 5 years ?
Daytona
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| Re: Overseas vs domestic buy-to-let investment [message #384952 ] |
Fr, 05 Mai 2006 19:45 |
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>Stickems. wrote:
> London.
This has to be a joke.
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| Re: Overseas vs domestic buy-to-let investment [message #384958 ] |
Fr, 05 Mai 2006 20:27 |
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Any
5% gross
100%
conservatively 50%
"Daytona" <me [at] privacy.net> wrote in message
news:rstm521h5klph6vht7k4dvudb3vt87e67s [at] 4ax.com...
| "Stickems." <Stickems. [at] last.invalid> wrote:
|
| >London.
|
| Which part ?
| What's the -
| yield ?
| occupancy rate ?
| estimated capital gain over the next 5 years ?
|
| Daytona
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| Re: Overseas vs domestic buy-to-let investment [message #384962 ] |
Fr, 05 Mai 2006 21:01 |
|
"Stickems." <Stickems. [at] last.invalid> wrote in message
news:AOM6g.1055$fI1.187 [at] newsfe3-win.ntli.net...
> Any
> 5% gross
So not enough to pay the mortgage plus maintenance/insurance etc.
> 100%
If you're very lucky.
> conservatively 50%
Yeah right, cos property is so affordable in London right now than 50% extra won't
trouble anyone.
--
Andy
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| Re: Overseas vs domestic buy-to-let investment [message #384988 ] |
Sa, 06 Mai 2006 04:05 |
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In message <1146841821.219405.148570 [at] j73g2000cwa.googlegroups.com>,
boadiethorne [at] hotmail.com writes
>Hi,
>
>I'm planning to buy an investment property and am torn between buying
>overseas or here in the UK. My reservations about buying abroad revolve
>around the 'unknown' legalities of the local markets, but my
>reservations about the UK market are that the buy-to-let boom is over
>and I'd be stuck with something I can't rent out.
>
>does anyone have any advice? Are there still areas of the UK that
>provide good yields and a good tenant base?
>
My perception is that yields are around 5% for UK properties in good
condition attracting a good tenant base. I know a letting agent who
covers much of the West Midlands, and my brother has a few houses in
Salisbury and Southampton.
I dont think you need to worry about not being able to let something.
Price and specification will always make this happen, as long as you are
careful with location.
If I were starting out now I would probably be looking at the countries
which are due to join the EC... e.g. Turkey and Croatia amongst others.
I'm not sure about the law and title etc., but I'm sure it could be
researched and done properly if you are careful.
I have some friends who are buying houses in Turkey, and it seems to be
going OK.
Regds
--
Richard Faulkner
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| Re: Overseas vs domestic buy-to-let investment [message #384995 ] |
Sa, 06 Mai 2006 10:06 |
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boadiethorne [at] hotmail.com wrote:
> Hi,
>
> I'm planning to buy an investment property and am torn between buying
> overseas or here in the UK. My reservations about buying abroad revolve
> around the 'unknown' legalities of the local markets, but my
> reservations about the UK market are that the buy-to-let boom is over
> and I'd be stuck with something I can't rent out.
>
> does anyone have any advice? Are there still areas of the UK that
> provide good yields and a good tenant base?
>
> Thanks
>
> Mark
You are absolutely right to have reservations on foreign property.
Irma
Inviato da X-Privat.Org - Registrazione gratuita http://www.x-privat.org/join.php
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| Re: Overseas vs domestic buy-to-let investment [message #385120 ] |
So, 07 Mai 2006 19:10 |
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In message <4c1lorF13qalmU1 [at] individual.net>, Andy Pandy
<spam8times [at] wonderful.spam.invalid> writes
>
>"Stickems." <Stickems. [at] last.invalid> wrote in message
>news:AOM6g.1055$fI1.187 [at] newsfe3-win.ntli.net...
>> Any
>> 5% gross
>
>So not enough to pay the mortgage plus maintenance/insurance etc.
How do you know that? We dont know how much he wants to borrow or if he
wants to borrow at all. In any event, 100% LTV buy to let loans arent
available. If he only wants to borrow a small amount then 5% might be
good enough.
Having said that, I wouldnt invest for a measly 5% return and your other
points which I have snipped are valid.
--
John Boyle
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| Re: Overseas vs domestic buy-to-let investment [message #385125 ] |
So, 07 Mai 2006 20:16 |
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"john boyle" <john [at] johnboyle1.demon.co.uk> wrote in message
news:EbTL8MSHoiXEFwz9 [at] johnboyle1.demon.co.uk...
> >> Any
> >> 5% gross
> >
> >So not enough to pay the mortgage plus maintenance/insurance etc.
>
> How do you know that? We dont know how much he wants to borrow or if he
> wants to borrow at all. In any event, 100% LTV buy to let loans arent
> available. If he only wants to borrow a small amount then 5% might be
> good enough.
>
> Having said that, I wouldnt invest for a measly 5% return and your other
> points which I have snipped are valid.
Should have said "not enough to pay the mortgage and make up for loss of interest on
any cash invested".
--
Andy
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| Re: Overseas vs domestic buy-to-let investment [message #386460 ] |
Mo, 08 Mai 2006 16:57 |
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"Stickems." <Stickems. [at] last.invalid> wrote:
>Any
>5% gross
>100%
>conservatively 50%
>
>
>"Daytona" <me [at] privacy.net> wrote in message
>news:rstm521h5klph6vht7k4dvudb3vt87e67s [at] 4ax.com...
>| "Stickems." <Stickems. [at] last.invalid> wrote:
>|
>| >London.
>|
>| Which part ?
>| What's the -
>| yield ?
>| occupancy rate ?
>| estimated capital gain over the next 5 years ?
>|
>| Daytona
>
The latest ARLA report (drawn from 443 letting offices and 310
landlords) gives -
Yield Void Growth
Central London Prime 4.93% 29 52%
Other London 5.41% 28 52%
Their growth calculations are based on the nominal gain over the
period - 1984-2004; 8.8%pa
<URL:http://www.arla.co.uk/>
Where do you get your figures from ?
Daytona
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| Re: Overseas vs domestic buy-to-let investment [message #386480 ] |
Mo, 08 Mai 2006 20:44 |
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"Daytona" <me [at] privacy.net> wrote in message
news:c3mu52dnl04q9ms9rthtu1blolitsfne9n [at] 4ax.com...
> "Stickems." <Stickems. [at] last.invalid> wrote:
>
>>Any
>>5% gross
>>100%
>>conservatively 50%
>>
>>
>>"Daytona" <me [at] privacy.net> wrote in message
>>news:rstm521h5klph6vht7k4dvudb3vt87e67s [at] 4ax.com...
>>| "Stickems." <Stickems. [at] last.invalid> wrote:
>>|
>>| >London.
>>|
>>| Which part ?
>>| What's the -
>>| yield ?
>>| occupancy rate ?
>>| estimated capital gain over the next 5 years ?
>>|
>>| Daytona
>>
>
> The latest ARLA report (drawn from 443 letting offices and 310
> landlords) gives -
>
> Yield Void Growth
> Central London Prime 4.93% 29 52%
> Other London 5.41% 28 52%
I'm obviously misunderstanding something
three items, two figures, which one is missing?
I guess 5% is the yield, but 29% seem too high for voids
or annual growth
tim
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| Re: Overseas vs domestic buy-to-let investment [message #386482 ] |
Mo, 08 Mai 2006 22:08 |
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tim (back at home) wrote:
> "Daytona" <me [at] privacy.net> wrote
>>
>> The latest ARLA report (drawn from 443 letting offices and 310
>> landlords) gives -
>>
>> Yield Void Growth
>> Central London Prime 4.93% 29 52%
>> Other London 5.41% 28 52%
>
> I'm obviously misunderstanding something
>
> three items, two figures, which one is missing?
You should have gone to specsavers. I see three figures on each line.
> I guess 5% is the yield, but 29% seem too high for voids
> or annual growth
There is no % on the 29. I think it must mean either number of void days
between lets or number of void days per year. The 52% figure is misleading
and doesn't square with the explanation Daytona gave about being equivalent
to 8.8%pa for 1984-2004. After all, 8.8% per year corresponds to 52% over
five years, not twenty, so there is obviously some mistake.
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| Re: Overseas vs domestic buy-to-let investment [message #386513 ] |
Di, 09 Mai 2006 21:18 |
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"Ronald Raygun" <no.spam [at] localhost.localdomain> wrote in message
news:VyN7g.66332$wl.52305 [at] text.news.blueyonder.co.uk...
> tim (back at home) wrote:
>
>> "Daytona" <me [at] privacy.net> wrote
>>>
>>> The latest ARLA report (drawn from 443 letting offices and 310
>>> landlords) gives -
>>>
>>> Yield Void Growth
>>> Central London Prime 4.93% 29 52%
>>> Other London 5.41% 28 52%
>>
>> I'm obviously misunderstanding something
>>
>> three items, two figures, which one is missing?
>
> You should have gone to specsavers.
My mistake for going elsewhere
(Actually my new glasses are the problem. I cannot
see the decimal points with them so I assumed that they
were in the gaps as the numbers seemed to be
percentages.)
> I see three figures on each line.
So can I now :-(
Sorry.
tim
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