conor_mc said:Just to comment on your con no.4, if this is your only major investment and you do decide to sell up, you should probably be looking to diversify a bit more, rather than trying to get a "similar asset" up and running.
Propman said:If you intend to re-invest in property, you would have approx €300k after cgt to re-invest. You could diversify very significantly here. Examples:
- If you need income from your portfolio, a French sale and leaseback will give you 5% guaranteed income for 9/11 years
- at the other end of the risk specturm, you could afford a €80,000 Turkey or Bulgarian property, where youy would hope to double your money in 5 years
- development syndicate from any of 10+ development syndicates which have recently been launched, projecting 15% per annum in 5-7 years time
- commercial property syndicate which would show 8%-10% perr annum in 5-7 years time but a lower risk than development syndicate
Of course, depending on your willingness to borrow, you could sensibly mortgage your €300k by perhaps as much as 50%, giving you €600k of a portfolio. Lots of choices ...
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?