Where to invest in London (buy-to-let) or Flipping? Would you rather invest in Bulgaria or Rumania?

Question

Also I would appreciate if you could recommend specific key sources of information that could help me in my search.
Budget: 20-50K
Time: Investment within the next 4-6 months
Investment term: No specific deadline (depending on recommendation)

Answer 1

Hi

The average price around London is £175,000 for a good quality rental flat. You will require a15% deposit of £26,250 plus £2,000 transaction costs to get started. However your yield will only be 6% and capital growth 2-5% per year. Don't bother with flipping as the property market in most parts of England have nearly stagnated. I've just started building a website for investment property Tips

I don't know Romania so I can't comment. However I do know Bulgaria. I've been investing there since 2002 Check my website to see if this is a country you want to invest in.

Answer 2

You need to go to both places see which one you prefer, talk to the people from both places, then see which area has gone up in prices over the years, you dont want to buy in a area where property value is going down or at a slow climb.

Answer 3

Houston