I am looking to become a person who owns property around the world which is rented to holiday makers. I would like to be able to cover at least most of the mortgage with the income. I have done a fair amount of research already and have learnt quite a bit. The problem i have is this. I do not have alot of cash to invest at the moment. Maybe £400 a month towards a mortgage. I have looked a little at the leasback scheme in France also i have looked lots at Florida property as my wife and i both love it there and the market for purchasing is god at the moment.

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.

We like the idea of a holiday let as you can also use the property yourslf occasionaly therefore getting something from it immediatly, otherwise i think i would purchase a property and rent to the uk government.

Do i have my head to high in the clouds or is this dream possible?

you dont have your head in the clouds but money is an issue.

when you start stretching yourself you find your plans may not be viable.

buy in an emerging market and enjoy your purchase

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

Buying Property As Investment For Holiday Makers Is A Lie That 80% Of The Market Buy Into.
In The Uk The Market Was Buy To Let, Was It For Holiday Makers, No.

Overseas It Is Exactly The Same. Everyone Wants The Cake And To Eat It.
A Place In The Sun, Which Someone Else Pays For, It Is Not The Truth.

Holiday Places In The Main Do Not Make Money, They Are To Be Enjoyed.

If You Want Investment Real Estate That Is A Different Thing. And Be In Touch.

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hi .. was looking at that couldnt afford to .. property in romania sofia tirana riga tallinn all inflated prices mate one guy i know has moved from riga to get out.. ive gone for a cheap low risk investment in egypt with year round sunshine and no finance taken!!

Dave[/quote]

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Dave. Perhaps you can elborate in relation to over inflated prices. Last year In Romania over 85% of properties were bought without finance! Therefore, when so many people are paying cash how can a market be inflated. It is stupidity fuelled by finance that inflates a market. Therefore, based on pure demographics you have mistakenly catogorised Romania with other markets.


PS have you looked at the demographics of the Egypian market?

Dave. Perhaps you can elborate in relation to over inflated prices. Last year In Romania over 85% of properties were bought without finance! Therefore, when so many people are paying cash how can a market be inflated. It is stupidity fuelled by finance that inflates a market. Therefore, based on pure demographics you have mistakenly catogorised Romania with other markets.[/quote]

all i was saying is that i did not have enough money to buy a property out in romania or other city .. i was not prepared to arrange finance .. properties were in excess of 50k when i was looking.. this big miss i feel is prague.

i should have invested there a good few years ago.. i would have made a killing !! there are other cities like tirana being quoted , but i am not confident about that at all ...

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I hope somebody didn't pitch you that the above cities have inflated prices when they were trying to get you to buy in their region ?

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.

Totally agree with you, dream over seas holiday homes are in many occasions nothing more than unrealistic dreams.