The £100,000 question

This topic contains 20 replies, has 6 voices, and was last updated by  angie 8 years, 10 months ago.

  • Author
    Posts
  • #55424

    angie
    Spectator

    In Saturday’s FT, 11 property insiders were asked where to invest £100k for the best return on property.

    Results were interesting:

    5 said UK
    3 US
    1 MID. EAST FUND
    1 CITIES: LON, PARIS, NY, SHANGHAI
    1 SPAIN (MALLORCA)

    No surprise that it was Mark who said Spain but Balearics, in particular Mallorca. I do think the Balearics are more insulated against Spanish property woes due to niche market there.

    However both Savills and Cluttons who said UK, did so because of high level of regulation, safety and security and the point I’ve been bashing so long which is current exchange rate for Brits. 😉

  • #96794

    rt21
    Participant

    I think if I was buying property purely as an investment I would certainly choose the UK over Spain any day.

    Although I appreciate that the Spanish market is made up of different segments and is not an homgeneuos one, the fact is that there is a surplus of housing in Spain and a shortge in the UK. When you add in the currency issues and the fallout from planning abuses then Spain seems to me a poor choice for investment

    Richard

  • #96636

    rt21
    Participant

    I think if I was buying property purely as an investment I would certainly choose the UK over Spain any day.

    Although I appreciate that the Spanish market is made up of different segments and is not an homgeneuos one, the fact is that there is a surplus of housing in Spain and a shortge in the UK. When you add in the currency issues and the fallout from planning abuses then Spain seems to me a poor choice for investment

    Richard

  • #96806

    logan
    Participant

    Investment with what purpose? Capital gain or return on capital in income form. Ideally the two of course but very unlikely in today’s global property markets. Even modest gains are difficult in domestic property these days.
    Equities are a much better bet.
    Stocks have growth to come, especially in US. Property was yesterdays investment.
    Property in Spain is dead in the water.

  • #96642

    logan
    Participant

    Investment with what purpose? Capital gain or return on capital in income form. Ideally the two of course but very unlikely in today’s global property markets. Even modest gains are difficult in domestic property these days.
    Equities are a much better bet.
    Stocks have growth to come, especially in US. Property was yesterdays investment.
    Property in Spain is dead in the water.

  • #96812

    angie
    Spectator

    I tend to agree with both of you re investment in Spain, and as Richard so rightly says, there is a shortage of stock in the UK but an oversupply in Spain.

    If I invested in Spain when the exchange rate improved, it would be in Mallorca which Mark mentioned and which remains a perennial favourite and has a small property market too.

    The article didn’t mention for what purpose the investment was, I presume for capital gain.

  • #96645

    angie
    Spectator

    I tend to agree with both of you re investment in Spain, and as Richard so rightly says, there is a shortage of stock in the UK but an oversupply in Spain.

    If I invested in Spain when the exchange rate improved, it would be in Mallorca which Mark mentioned and which remains a perennial favourite and has a small property market too.

    The article didn’t mention for what purpose the investment was, I presume for capital gain.

  • #96854

    angie
    Spectator

    Now Spain is still officially in recession and has 19.5% unemployment, together with the other problems, it doesn’t make it attractive for property investment despite so called bottoming out of prices.

  • #96666

    angie
    Spectator

    Now Spain is still officially in recession and has 19.5% unemployment, together with the other problems, it doesn’t make it attractive for property investment despite so called bottoming out of prices.

  • #96869

    Anonymous
    Participant

    @angie wrote:

    In Saturday’s FT, 11 property insiders were asked where to invest £100k for the best return on property.

    Results were interesting:

    5 said UK
    3 US
    1 MID. EAST FUND
    1 CITIES: LON, PARIS, NY, SHANGHAI
    1 SPAIN (MALLORCA)

    No surprise that it was Mark who said Spain but Balearics, in particular Mallorca. I do think the Balearics are more insulated against Spanish property woes due to niche market there.

    However both Savills and Cluttons who said UK, did so because of high level of regulation, safety and security and the point I’ve been bashing so long which is current exchange rate for Brits. 😉


    Just for info, what type of property is available in UK for 100000? are you thinking on residential units?

  • #96673

    Anonymous
    Participant

    @angie wrote:

    In Saturday’s FT, 11 property insiders were asked where to invest £100k for the best return on property.

    Results were interesting:

    5 said UK
    3 US
    1 MID. EAST FUND
    1 CITIES: LON, PARIS, NY, SHANGHAI
    1 SPAIN (MALLORCA)

    No surprise that it was Mark who said Spain but Balearics, in particular Mallorca. I do think the Balearics are more insulated against Spanish property woes due to niche market there.

    However both Savills and Cluttons who said UK, did so because of high level of regulation, safety and security and the point I’ve been bashing so long which is current exchange rate for Brits. 😉


    Just for info, what type of property is available in UK for 100000? are you thinking on residential units?

  • #96891

    angie
    Spectator

    Legally, there would be very few properties in the UK for £100k except in deprived areas and also mainly up North.

    The article mentioned it was a small amount but I think was just an example, maybe assuming there’s not many people about with much more to invest right now.

  • #96691

    angie
    Spectator

    Legally, there would be very few properties in the UK for £100k except in deprived areas and also mainly up North.

    The article mentioned it was a small amount but I think was just an example, maybe assuming there’s not many people about with much more to invest right now.

  • #96897

    Anonymous
    Participant

    angie:

    I don’t understand your comment about ‘legally’.

    I’ve just checked on rightmove & found the following:

    Max price £100,000

    337 properties for sale in Surrey
    1000+ Hampshire
    434 Wiltshire
    1000+ Kent
    1000+ Essex

    There aren’t many deprived areas in these counties.

    The UK beats Spain every time for ‘property investment’.

  • #96697

    Anonymous
    Participant

    angie:

    I don’t understand your comment about ‘legally’.

    I’ve just checked on rightmove & found the following:

    Max price £100,000

    337 properties for sale in Surrey
    1000+ Hampshire
    434 Wiltshire
    1000+ Kent
    1000+ Essex

    There aren’t many deprived areas in these counties.

    The UK beats Spain every time for ‘property investment’.

  • #96906

    Fuengi (Andrew)
    Participant

    @rob6578 wrote:

    angie:

    I don’t understand your comment about ‘legally’.

    Angie was replying to the poster called legally

  • #96706

    Fuengi (Andrew)
    Participant

    @rob6578 wrote:

    angie:

    I don’t understand your comment about ‘legally’.

    Angie was replying to the poster called legally

  • #96909

    Anonymous
    Participant

    fuengi & angie:

    SORRY!

  • #96709

    Anonymous
    Participant

    fuengi & angie:

    SORRY!

  • #96912

    angie
    Spectator

    Somehow I thought that might be confusing Rob when I was replying to Legally, sorry for that.

    Interesting that you found so many under £100k properties in Southern counties and I do agree that investing in the UK is a better bet for now. The fundamentals of exchange rate, completion costs, and supply won’t change for a while.

    However on a personal note I do think Fuengi and Inez are friendly and sensible with their replies on here and restore my faith in agents on the Coast somewhat. If I wanted to do business in Spain I’d probably visit them to start with. 😉

  • #96712

    angie
    Spectator

    Somehow I thought that might be confusing Rob when I was replying to Legally, sorry for that.

    Interesting that you found so many under £100k properties in Southern counties and I do agree that investing in the UK is a better bet for now. The fundamentals of exchange rate, completion costs, and supply won’t change for a while.

    However on a personal note I do think Fuengi and Inez are friendly and sensible with their replies on here and restore my faith in agents on the Coast somewhat. If I wanted to do business in Spain I’d probably visit them to start with. 😉

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