Advice on whether or not to sell

B

bradfield

Registered User
Messages
120
Hey all,

Just wondering what your thoughts are on the following scenario. I own a house in Dubllin which has a value of 290000 and mortgage of approx 195000. I am moving out of Dublin. I want to buy a house in new location which is a new build with an asking price of 215000.

Question is do I try and sell house in Dublin and have smaller mortgage in new location or hang onto house in Dublin, rent out (with CGT implications that will have) and buy house in new location with higher mortgage payments!

Thanks
B
 
thanks clubman,

only trouble is last post is 2006 and I would like to hear what people have to say now as the market has changed significantly since then.

B
 
The general advice still holds and anyway:



so if it's speculation about the property market that you're after then this is not the right place.
 
bradfield said:
only trouble is last post is 2006 and I would like to hear what people have to say now as the market has changed significantly since then.
Click to expand...
Maybe the latest Daft report on the current rental market might help you decide?
[broken link removed]
 
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