or would the money be better spent buying a property back home in South Africa?
Just looking for some advice.
2006-11-25 20:44:03 · 8 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
I'm currently in London. I may or may not go back home in about 3 or 4 years time.
2006-11-25 20:49:50 · update #1
Use it in SA. The weathers nicer, the property cheaper and I'm sure you could make some sort of income from it before you return home.
2006-11-25 20:46:48 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It really depends on what time horizon you are looking at. If you are in for the long haul and are interested in property, then compare the prices in England and S.A. over last 10, 20 or 30 years. I would doubt that S.A. compares to England in turns of return.
Also, property while one reply states, can have a hassle factor, it can also provide a good montly income which you can use to pay off the mortgage or in addition feed a savings account.
There is always a risk factor, but not all people are bad and if you use a good letting agency, they should be able to avoid the problem people or manage them if you should be so unlucky to get them.
2006-11-25 21:03:31 · answer #2 · answered by Peter the Great! 2 · 0⤊ 0⤋
Tell you the truth I'd invest it in a bond if I were you. I just let a property and it's causing too many problems. Tenant told lies to get in and after being in only a week I find out she has rent arrears with her previous landlord and no bank account so she can't supply refs for my lender, nightmare!! If you do go down the buy to let route, be careful and vet any prospective tenants carefully. This was new to me and I've tripped myself up by not knowing all the ins and outs.
2006-11-25 20:51:19 · answer #3 · answered by RUTH M 3 · 0⤊ 0⤋
Jake, the main perfect much less high priced place i understand of is Dagenham in East London. There are some very impressive components the situation the user-friendly abode value would be approx' £2 hundred.000. there are particularly some greater cheap properties in case you do not thoughts residing on the council sources. at diverse hand attempt Elm Park or Romford. the two indoors individual-friendly attain of severe London.
2016-10-13 03:25:16 · answer #4 · answered by Anonymous · 0⤊ 0⤋
maybe u sud see a financial advisor? property over here is rising but u wudnt be able to buy a flat in london for that price, to rent would be a waste of money, i would see someone who knows about all this
2006-11-25 20:51:32 · answer #5 · answered by eyoremum2004 2 · 0⤊ 0⤋
big crash is coming, why invest in property?
sensible people are getting out of the market.
2006-11-25 20:56:43 · answer #6 · answered by Anonymous · 0⤊ 0⤋
where are u now? invest in that place
2006-11-25 20:47:48 · answer #7 · answered by mane 5 · 0⤊ 0⤋
ok yes
2006-11-25 20:46:19 · answer #8 · answered by angelicajones65 1 · 0⤊ 1⤋