Sell or rent?

I bought a house with my brother in early 2004 for €310 and it was worth €450 at the peak. Neither of us live there now as our workplaces are too far away from the house and we both rent with our partners! I only moved out this year and the 2 lodgers I had are moving out next month.

I'm very confused as to whether;
1. To sell - (taking my footing off the property ladder altogether and risking having it up for sale for ages in a very stagnant market and having to pay the mortgage AND rent)
2. To rent the entire house out - (possibly risking further price drops, having to pay tax on rental income, potentially having to pay CGT, not to mention the pain that comes with rentals..!)

Any help or advice would be much appreciated....

(I don't think either of us are ready to buy with our partners yet either)

Re: Sell to rent?



Moved from Mortgages and Buying and Selling Homes since this is essentially a property investment query.

Re: Sell to rent?

You need to crunch the numbers to see which is the best option. For example the Property Investment forum, FAQ, key posts and many existing posts on this sort of query have a wealth of information about the implications of renting out a former PPR (?). There's even a key post on "sell former PPR or keep and rent". You can then try to compare the costs and benefits of holding/renting versus selling.