Hi.
I'm a final year university student with a nice lump sum (inheritance, unfortunately) to invest - around £30K - and feel that, in the current market climate / my personal situation, the foriegn market would be a better option than the UK.
I am considering both short and long term investments, looking towards a nice regular rental return (around 5 - 7% would be optimum, more would be great), in a country with a standard of living similar to the UK (not the bit where you get abuse from our yoof, the bit with indoor toilets and building regulations).
Although I am not completely deluded, I would ideally want a property with little or no mortgage eg a capital investment, to limit my personal liabilities (negative equity) and also for fear (as a student) of being unable to gain or, if successful, continue a mortgage.
I would appreciate any suggestions or guidance you guys could offer - my primary interests are price (as above), potential equity - short or long term, and revenue (to act in place of interest from banking it all!). A country with a reputable (and preferably simple!) property market would be great - the pitch has to be completely 300% watertight to convince my mother, who is to most extents the judge and jury in this case, and as such I am more interested in pre-existing properties as opposed to offplan property (lots of scary stories on here). I realise that no property is 100% risk free, let alone 300%, but it would be nice.
Countries which have taken my interest thus far are Sweden (the north particularly for it's low prices, potential nature tourist revenue and relatively high standard of life), Germany - Berlin in particular (prices, reliable income(?))- and good old France, mainly because it is very close and appears to have a highly devloped Anglo-Francais market. I imagine this will all read as fairly naive and optimistic, but...well...ummm....yeah, pretty much.
Many thanks,
Pilliam-au-board-de-la-mer
