Mick, the problem with Germany and what people are not identifying is you must keep the property 10 years other wise you will have a minimum of 27% Capital Gains tax or a possible 42% which will greatly erode any capital gain of which is alredy limited and geared more towards rental return
Totally agree with you in relation to life style properties such as Golf Courses. In the early days some made money on dream over seas properties, but those days are gone and investors should focus on pure economics witha good located property that will rent on yearly contracts so they will at least have sanctuary of receipt.
David Howe
Investment Romania - Property Romania, Invest Romania, Investment Romania
Quote:
Originally Posted by mickthepropertyguru
I have to say i think a golf property wouldn't be the way to go. There are so many in the Costa s especially if it isn't a life style purchase. And the maintenance, management and community fees would eat into the profit.
I think you would be better off in Berlin with a good steady rental guarantee.
I myself would go for Tirane (Albania) , Moldova(Land) or Egypt but if i was going to invest here i would invest in a resort that would be the best around, best views best facilities, a luxury hotel. One that will definitely get the rentals as oversupply is inevitable at some stage and it may be hard to sell like every sunshine destination at some stage.
Taking your time is the key to investing. I know a great deal about investing. I have worked in the industry and i have a few investments but i'm still learning more and more every day.
Do yourself a favor and stay away from big glossy brochures.
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