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  1. M

    Views on UK Property ex London. Particularly Manchester and Sheffield

    Hi. Without discussing an individual development, what's your view on investing in domestic real estate outside London, in for example Sheffield or Manchester? These cities seem to offer reasonable if unspectacular yields. Both are part of the "Northern Powerhouse" initiative. I also recently...
  2. M

    Spanish house prices could fall by up to 75%

    Prices quoted in a newspaper are totally irrelevant in an illiquid market. What are these places really changing hands for? Any hard data? My guess is that they aren't selling at all. In which case any "valuation" is nonsensical.
  3. M

    Management company in Berlin

    > In addition, is there any simple way I can get the current rental (per sq. metre) figure for Prenzlauer Berg? Google and a bit of German language skills. Official mietspeigel is published every two years and covers qualified rentals. There is also the commercial rate for non qualified...
  4. M

    Small rental property abroad. Possible to check & verify identity of renter?

    I have often used LinkedIn as a basic sanity check to see what people have written about themselves. As Complainer said, it is probably worth getting a local notary to verify their ID at their end via an "Apostille" http://www.apostilleinfo.com/france.htm
  5. M

    HUF Exchange Rate

    This is going to rumble on and on. The mortgage law in Hungary has been passed, but it is also going to be challenged. The Swiss Frans is pegged, but is under stress. Such uncertainty is rarely good for investor sentiment. No longer are you betting just on a currency play, you're betting on the...
  6. M

    Foreign Euro denominated mortgage - Risks

    I went through the experience of the UK dropping out of ERM and having salary in GBP and costs in DEM so I know personally how painful exchange rate fluctuations can be. I think that you are right to think that it could be scary, but who really knows? Take heart in the fact that you currently...
  7. M

    Very Cheap Spanish Houses

    It's definitely not what it seems. Do the sums on the mortgage repayments and rate that they quote of 290 GBP/ month @2.5% = €330 / month => mortgage value of €158K.
  8. M

    Advice on Marrakech property

    FYI: http://english.aljazeera.net/news/africa/2011/04/2011428112155783843.html http://www.bbc.co.uk/news/world-africa-13226117
  9. M

    Hungary entry to Euro currency

    That's interesting. The only two countries who have a formal opt out on the Euro are the UK & Denmark, with Sweden a de facto default by not joining ERM II. Everyone else who joined the EU later didn't get the choice, so Hungary formally signed up to the Euro too. Not saying they're likely to...
  10. M

    Orlando Florida. Is now 18-03-2008 a good Investment Time?

    @Slim You and other people might find the following site helpful for raw stats when trying to identify a general area to search. http://www.neighborhoodscout.com/fl/miami-beach/ http://www.neighborhoodscout.com/fl/clearwater/city-center/ It covers the whole of the US. The links I posted zoom...
  11. M

    Orlando Florida. Is now 18-03-2008 a good Investment Time?

    OK. I'll take your on the ground experience over a newspaper any day ;) Would you say this feeling you got was mainly Tampa Bay (Gulf Coast) or Orlando or both? I see gulf coast more for locals and retirement homes, and Orlando more for servicing tourist visits and theme parks, or do I have...
  12. M

    Orlando Florida. Is now 18-03-2008 a good Investment Time?

    Just for the sake of balance. Here's a link to an article written in 2005 entitled "How Sustainable Are The Forces Driving Florida's Latest Housing Boom" justifying why the Florida market was not a bubble, and concluding that "Higher home prices will not snuff out Florida's housing boom" and...
  13. M

    Advice on Marrakech property

    Do your own research. I think I saw an item on BBC World Service TV where they had an item about French citizens moving to the Medina to live, and locals selling up the family home and moving out to the suburbs. Go figure whether the prices are inflated for foreigners then if people are...
  14. M

    buying property in uk

    @DB74 How precisely would you propose to become non domiciled in Ireland? Were your parents domiciled outside of Ireland when you were born (= Domicile of Origin)? Have you now cut every single link with your home country, never intending to return, and have you established a "domicile of...
  15. M

    Orlando Florida. Is now 18-03-2008 a good Investment Time?

    I read this as "70% of peak prices" and not " 70% off peak prices" That's a BIG difference. I respect cnbc.com. They've got people on the ground. They think the recovery is a myth. quote "The glimmer of hope that housing would stage a sustainable comeback this spring has melted with the...
  16. M

    Do I need to declare sale of property abroad?

    You always have to declare IMHO. If you've made a loss then you can offset the loss you made on this property against any capital gains from other items you have sold or intend to sell in the future, so it could actually be beneficial to declare the loss now to cover you for the future...
  17. M

    Inheritance tax on Overseas Property

    Thanks for the update CreditLimit. The court ruling could be very significant for a lot of people, and it could also really change the maths in this particular case. You might just be better off considering selling up the second property in Spain and handing over pure cash in Ireland as an...
  18. M

    Inheritance tax on Overseas Property

    I emphasize that I'm no expert. You do need expert advice with such a tidy sum involved. The way I read it is: It's almost certain you'll all be covered mostly under Irish tax law. As you are resident and normally resident in Ireland but you have a permanent residence in both countries...
  19. M

    Double Taxation Agreement - Turkey

    Did you click the link on my post above? That's from the Irish Revenue web site. Or am I missing something in your comment? Has it not been ratified yet? It was due to take effect beginning 2010. Ouch! That would be very bad.
  20. M

    Inheritance tax on Overseas Property

    Yes. There's lots you can do. But the whole package needs to be tailored to your specific circumstances e.g. your nationality, where you live and for what percentage of the year, where you work, how old your kids are, where they live, where they work, what other assets you have, how long do you...
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