Reply To: Property crash continues – UK mortgage approvals lowest ever

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#83493
Fuengi (Andrew)
Participant

@ralita wrote:

“260€ a year
bi + basura say 150€”

OK, then it would be 6.77% return. This is better than any ISA.

BUt this only if the rental demand remains the same and if the area does not become ghetto.
Also, if prices declined from 130K to 87K in 3 months, who is to say that they won’t decline further in the next 6 months?

unreformed she was going to sell at 100.000€. due to apparent tax implications she clears the same selling at 70.000€ as she does at 100.000€. Going by my calculations for the property price to be accurate is should sell at 107.000€.
But at this price mortgage is bigger than the rent.
Location is good. 5 minutes walk to centre. near bus/train lines. lots of shops/restaurants. popular rental area, and as a plus 2 minutes walk to the beach (timed it)