Search results

  1. G

    Advice on Marbella

    Update on my questions Was in Marbella recently. Boy oh boy! what a property train wreck. Empty resorts desparate sellers. Properties offered at big discounts seem poor value for money and bad investments. Agents misleading about rental potential. High service charges. Nope stay away.
  2. G

    Pay off mortgage or not

    Yes interest is deductable as an expense and if I wanted to benefit from this I should do nothing and continue to top up the mortgage by €300 per month. €3,600 per year, €36,000 over 10 years, and more over the remaining 20 years of mortgage....OUCH :( Or pay back half of the debt and let the...
  3. G

    Pay off mortgage or not

    Hi All, here is a scenario that I need to make a decision on. An investment flat abroad is costing €600/month on repayment mortgage of €85,000. Net rent income is €300/month. So making a loss. I can pay off this mortgage which would turn the situation around. I would then be pocketing all the...
  4. G

    Advice on Marbella

    Not looking good Thanks for all of your advice so far. The conclusion seems to be that there is oversupply, falling prices, income unlikely to cover costs. Holiday letting income seasonal. So Why bother buying? I'll be out there soon for a long weekend and have a poke around.
  5. G

    Advice on Marbella

    Hello All, I'd like to know people's views on getting a holiday AND investment apartment in Marbella. I have seen this location discussed on this forum but the property market has moved on in the last 2 years and wanted to see what the current situation is. I'd like to get a place for my own...
  6. G

    Property Investment in poland

    Hi Tim, You say the bank is not responding to your requests. My advice is look at your mortgage agreement and see what it says about defaulting process. There is likely to be something about the steps that must be met before a bank reposesses. Write them an official letter and send it...
  7. G

    Am I mad to even consider buying to let?

    BTL in Dublin I have an eye on Dublin buy to let market and am likely to make a move in 12 months. In the meantime I'd be grateful for your insights on a few questions going around in my head: - I will only buy in Dublin 1 or 2 because of less void and easier re-sell. Gross yield needs to be...
  8. G

    Extortionate rate rise on mortgage in Latvia

    This is true in Latvia, also they cannot offer you a solution which ultimately costs you more. but banks do try and get away with it especially when it comes to foreigners. UniCredit in Riga did this to me, on the phone they were the friendly bank offering interest only with a rate rise just...
  9. G

    resale value, budapest, district 7

    Interesting to see people are selling in Budapest. I guess you may have purchased pre-crisis so the rental yields don't stack up. I was actually thinking that Budapest might be just the sort of place to make a cash purchase. Rationale: favourable exchange rate, much lower prices, therefore...
  10. G

    Istanbul - Is it the best option in Europe?

    I'm reading that Istanbul property is the most promising in Europe for the following reasons: - Turkish economy experiencing strong growth vis a vis rest of Europe - Huge population in Istanbul - 15 Million - Strong local demand for buying and renting - Mortgages introduced and falling...
  11. G

    Advice on Marrakech property

    Is anybody familiar with the rental and resale market in Marrakech. I have been there a few times and love the city and it's exotic atmosphere. I wanted to know the investment merits here and see if it may be viable to purchase an apartment that will successfully rent and achieve a profit on...
  12. G

    BTL in Irleand????

    Wonder if I can get some learned opinions from experienced folks based in Ireland. I am from London and have been reading about the continuing decline in property prices so figured that if one could correctly guess the bottom of the market and try and buy a property then there is a strong chance...
Back
Top