holiday let overseas before EU door closes?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    holiday let overseas before EU door closes?

    Just interested in thoughts re purchasing holiday let property in the EU prior to the UK leaving. Worth doing in light of this? Was it ever worth doing? Is investing in property in Europe only going to end in tears? Etc...

    #2
    Depends on where in the EU, if you speak/read the language, and what local property laws are (I know that Spain and France have some quirks that I would not be happy with).

    Comment


      #3
      what would the quirks in Spain be?

      Comment


        #4
        Originally posted by tatemono View Post
        what would the quirks in Spain be?
        That the goverrnment decide your property was illegally given planning permission, and demolish it without compensation?

        Comment


          #5
          It would depend on any deal (or not...) struck with the EU. For which, after only 2 years, the government have merely produced a rough brief draft of what they'll - probably - ask the EU for.

          Bunch of disorganized, incompetent , clowns.
          I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

          Comment


            #6
            Where do you want to spend your holidays in EU ?

            https://www.globalpropertyguide.com/investment-rating

            Comment


              #7
              Originally posted by JK0 View Post
              That the goverrnment decide your property was illegally given planning permission, and demolish it without compensation?
              well you'd have to be an idiot in the first place to not follow basic advice pasted everywhere online to check that prior to starting the buying process. I was wondering if there were any that weren't as well-known.

              Where we spend our holidays would have no bearing on this. We're not the kind of people who go back to the same place twice so the idea of staying in our "holiday home" doesn't appeal. This would be purely for yield to supplement retirement income.

              Comment


                #8
                Originally posted by Gordon999 View Post
                Where do you want to spend your holidays in EU ?

                https://www.globalpropertyguide.com/investment-rating
                interesting link which I visited years ago and had forgotten all about. I know Amman pretty well so Jordan might well be an option actually.

                Better than Chisinau anyway ;-)

                Comment


                  #9
                  Originally posted by tatemono View Post

                  well you'd have to be an idiot in the first place to not follow basic advice pasted everywhere online to check that prior to starting the buying process.
                  That's my point!

                  Many properties that have been demolished actually had planning permission. No amount of checking would have indicated otherwise.

                  Comment


                    #10
                    Originally posted by tatemono View Post

                    interesting link which I visited years ago and had forgotten all about. I know Amman pretty well so Jordan might well be an option actually.

                    Better than Chisinau anyway ;-)
                    I am surprised you think Jordan may be a better option. I think it is too near to the Israel/Palestine conflight to be safe for investing.

                    Comment


                      #11
                      was I meant to disregard your link? Amman is right up there. Lived in Amman for years and know the ME well. Jordan's weathered much fiercer storms than Israel v Palestine. But on further investigation, prices are much higher than places I was looking at in Spain.

                      Ah well.. guess it comes down to what you're familiar with as much as any potential market shifts.

                      JK0 got a link to anything to verify that?

                      Comment


                        #12
                        Originally posted by tatemono View Post
                        was I meant to disregard your link? Amman is right up there. Lived in Amman for years and know the ME well. Jordan's weathered much fiercer storms than Israel v Palestine. But on further investigation, prices are much higher than places I was looking at in Spain.

                        Ah well.. guess it comes down to what you're familiar with as much as any potential market shifts.

                        JK0 got a link to anything to verify that?
                        http://www.dailymail.co.uk/femail/ar...nightmare.html

                        Comment


                          #13
                          interesting.

                          Comment


                            #14
                            Originally posted by tatemono View Post
                            Just interested in thoughts re purchasing holiday let property in the EU prior to the UK leaving. Worth doing in light of this? Was it ever worth doing? Is investing in property in Europe only going to end in tears? Etc...
                            Have you looked at Vilnius in Lithuania?

                            Comment


                              #15
                              only physically on a jaunt through the Baltics a few years ago. Why do you mention Vilnius in particular?

                              Comment

                              Latest Activity

                              Collapse

                              • Risk of bridge lender pulling out after exchange
                                by propertyboy
                                Hi all,

                                I am looking to buy a property in auction.

                                What does a bridge lender require to give an agreement in principle? Then from here if I was to win the auction, what conditions need to be met to drawdown? Is the offer conditional on the lenders valuation/legal/structural...
                                22-02-2020, 23:04 PM
                              • Reply to Mortgage query for house purchase that isn't yet an HMO?!
                                by bob369
                                I am in a similar position, but am on bridging - which has been extended once, absolute deadline to move off is mid May - so 2 3/4 months away.

                                I am already an HMO landlord of many years, with one licensed HMO under my belt.

                                Property is being converted to two flats, for which...
                                22-02-2020, 12:32 PM
                              • Mortgage query for house purchase that isn't yet an HMO?!
                                by Clulass
                                Hi all,

                                I'm looking to buy a terraced house which isn't currently an HMO, but I'd like to convert it to an HMO and apply for a licence from the local council (which will be required due to Article 4).

                                No guarantee that licence will be granted (subj to a consideration on if...
                                14-02-2020, 22:10 PM
                              • Reply to Transfer of equity
                                by loanarranger
                                To qualify further my previous comments , I believe your mortgage may be held by Jasper Mortgages, a subsidiary of Topaz Home Loans.
                                I am presently handling a substantial mortgage portfolio wherethe borrower sadly died unexpectedly and Jasper Mortgages ( Mortgage Express ) is one of the 16 lenders,...
                                21-02-2020, 18:19 PM
                              • Transfer of equity
                                by jackboy
                                Hello, I've been trying to sort out my structure for a while and keep hitting dead ends and so i thought i would see if anybody on here has any suggestions. I have a number of properties held jointly with my brother and a number held in a limited company. I want to transfer the personally held properties...
                                19-02-2020, 12:57 PM
                              • Reply to Transfer of equity
                                by loanarranger
                                It the lender acquired the MX mortgage book , then there will be no amendments allowed , so far as they are concerned they want their money back sooner rather than the mortgage term,and will not permit any variation to the current position. This is standard practice for any close mortgage lender including...
                                21-02-2020, 17:55 PM
                              • Reply to Transfer of equity
                                by jpkeates
                                The mechanism of moving properties into a partnership and then into a company is offered by companies as a solution to the problem of incorporating personally owned property into a business without paying a whole shedload of CGT.

                                That would solve a number of issues for me and I have looked...
                                21-02-2020, 16:22 PM
                              • Reply to Ltd Company BTL Mortgage Rates vs, Personal BTL Mortgage Rates
                                by jpkeates
                                That's a huge advantage.
                                It's a business - it's just an investment business rather than a build/buy and sell business.

                                Loanarranger is right, that your particular situation will be unique and so the right route isn't necessarily right for anyone but you.
                                And things don't stay...
                                21-02-2020, 16:14 PM
                              • Ltd Company BTL Mortgage Rates vs, Personal BTL Mortgage Rates
                                by Jammy99
                                Hi all, so I'm weighing up whether to go down the Ltd Company BTL route vs. the Personal BTL route. However, I'm struggling to find descent mortgage interest rates. I'm aware that personal BTL interest rates are lower eg 2.3% vs Ltd company at 4.71%. So, my question is what is the best Company BTL interest...
                                16-02-2020, 19:19 PM
                              • Reply to Transfer of equity
                                by AndrewDod
                                I'm pretty sure that ^ is not correct, as are some other parts. In the first place, your brother is the person initially getting rid of assets - the fact that you are incorporating has no relevance to his tax liability. Second even if you could persuade HMRC that what you are doing is reasonable (if...
                                21-02-2020, 15:21 PM
                              Working...
                              X