How did tens of thousands of Brits end up with city centre properties in places like Manchester, Leeds, Colchester, Bristol and Leicester that HAVE NO RENTAL DEMAND?
My fellow investors it is essential you do your own homework and ignore the 'advice' of agents. They will not be around to help you let your properties.
Exactly who is your future tnenat, where will he come from?
Test it right now. Call these selling agents and pretecnd you have a place ready to let. Lets see how helpful they are when it really comes to the nitty gritty.
Im not saying you cant make money in Dubai but you must recognise some poeple will not fare well. The trick is to decide which category you will fall into.
REMEMBER; All property is descibed as 'luxury', 'unique' or 'an investro special'. This is all just meaningless hyperbole.
ASK YOUR AGENT RIGHT NOW FOR ABSOLUTE 1005 PROOF OF THE WAITING TENANTS. Then go test the tenant demand yourself.
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Been investing abroad a few years. Always amazed people invest in places that produce just a few months rent per year
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