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Old 08-03-2008, 02:51 PM
mickthepropertyguru mickthepropertyguru is offline
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Quote:
Originally Posted by David howe View Post
I would like a safe investement rather than a risky one untili could afford to take that gamble. Does anyone have any suggetstions as to where would be a good place to invest long term.

Taking first step is never easy WG. My advice to you would be the same as I advise people in Romania. Buy an economic investment that will rent 365 days a year in the same way you would in your home town. Many people have bought holiday lets andmade money renting but where there s a demand for short term rental budget hotels will appear over night and dilute your rental market. there are also management issues with short term rentals.


Buy a good residential apartment or studio in a good area in a major city and I think you will do much better that a holiday home


Dave
Thats what i have been saying for a long time. You will always have a rental market and good appreciation in a city. If you have to go for sun go for a sun city. Espically if its your first investment.
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