investment property

[SH99]

I want to invest in property (for rental income and long-term benefit) and can't decide on up north or overseas (probably eastern europe). Anyone have any experience/expertise they wish to impart?

[Oneeyedvic]

Personally, up north

 

A) I know the rules in this country

B) If there are bad tennants - I can drive there easily

c) It would be relatively simple to get a mortgage (or if buying it for cash to raise money on it in an emmergency)

[Westminster]

The risks of buying abroad greatly exceed the risks of buying in your home country unless you have contacts there, you speak the language, you have someone trustworthy thre to look after the property, and so on. You've probably had experience of trying to get a plumber to fix something at home. Now imagine the difficulty if you're here, the leak is in Plovdiv, your Bulgarian is rusty, and you don't even have a Plovdiv Yellow Pages to hand.

Having said that, the risks of buying here should not be underestimated.