Quote:
Originally Posted by giraffe
hi Rob,
i am currently hanging back on buying abroad right now, since my personal circumstances in the UK are a little too fluid now...(not sure how long i will continue to rent this property, or move in few months, rent or buy in UK). If I buy in UK will affect my budget, so I am now just keeping a steady eye on the market, continuing my research, etc. but very unsure of my next move. also, previous posts have caused me concern (yes, mr golfingworld is probably not your best friend right now). he might be negative about everything, but as a cautious investor, i think he does have a point.
I'm still considering egypt. either way, diving has to be an option, particularly important is that it is peaceful, and i can make some money off it, easily sellable, rental and management option, not too far from airport, etc. all the usual stuff.
sorry if this post is a bit woolly, bit of a standstill at moment, dont want to rush.
thanks
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Hi,
I understand your concern, but regarding what dear Mr Golfingworld says:
I have a friend who was a real estate investor and bought loads of property on the costa del sol over 20 years ago. At that time there were irregular flights, charters from UK to Malaga that only ran a few months per year, or you had to go via Madrid. Once you got to Malaga he had to drive down the old n-340 for anywhere from 2.5 to 3.5 hours along a very bad highway to get to where he was going. How much do you think this guy is worth now?
Will Brazil go the same way, I can't be certain, but the country is moving ahead at a great pace, it is self-sufficient in oil (which economically means a lot), has no terrorism, is a stable democracy, plus is actually a beautiful and exciting place to visit.
Regards,
Rob.