My REPLY IN BLOCK.
I am looking to buy a studio -
BETTER YEILD THAN ONE BED
one-bed flat in Nice. What are the current prices,
YOU COULD PAY FROM €65K TO ANYTHING, DEPENDING ON THE SITE & THE M2
and is it a good time to invest?
SOUTH OF FRANCE IS ALWAYS GOOD SOME TIMES ITS BETTER THAN OTHER TIMES.
what about Rental yields,
MAXIMISE RENTING TO STUDENTS SPRT TO APRIL AND REST HOLIDAY MAKERS.
and the maximum mortgage i can get?
GETTING A MORTGAGE IN FRANCE IS A PAIN, THE PAPER WORK AND THE ABSURD REQUIREMENT WILL DRIVE YOU INSANE. THEY WORK ON A FORMULA OF % OF LEFT OVER INCOME AND MOST OF UK UNDER PAYE WILL NOT QUALIFY. SELF EMPLOYED ARE NOT LOOKED AT VERY FAVOURABLY.
Please note that i am NOT looking at leaseback properties.
COMPLETION/LEGAL COST IS HIGH, SPECIALLY ON SECOND HAND PROPERTIES. TAX ON RENTAL IS NOT VERY FRIENDLY
cheers
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