I would leave the €40K where it is, even after DIRT you are getting 2.3%, your mortgage rate is only 1.6%
Hence the idea of the investment property - if we could get a mortgage of say 65 - 70%, we should I think be able to break even for the next 10 or so years but in 20 - 25 years when retirement is looming, we have an asset with no mortgage which would be generating an income stream. Of course, it depends on getting a good value property and a type that should have good long term rental potential. As property prices are banned as a topic, guess its hard to tease that out on this forum.
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