limerickmick
Registered User
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Have you crunched the numbers including management expenses, tax on rental income and capital gains both here and abroad and so on to assess the viability of this option? You haven't said why you consider property better than any other investment option open to you. If you already own property (including your own home) and don't have any other significant savings/investments then perhaps you should be diversifying a bit more?limerickmick said:thanks for response-clubman;
thought that foreign property offers better value for money when compared to this country.
also rental returns cover mortgage so getting an asset for very little outlay.maybe this is probably a simplistic assumption but have to start somewhere
pernickety said:My reasoning is that if it is a long-term investment, and I do not/will not need access to that money, then, sooner or later property in the EU will fall in line with each other..
pernickety said:But I will also have some good holidays there and get to know another country.
Would it be earthquake proof or insurable for such an event?2706eilis said:There is still good value to be got in Turkey. Very low legal and fitting out charges so 85k should get you a very decent 2 bed in a good location including fit-out, legal fees etc.
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