15.5.06
Bulgarian Investment Property - Guide To Buying Property Abroad: Part 4 - Making a Sound Investment.
Bulgarian Investment Property - Guide to Buying Property Abroad: Part 4 - Making a Sound Investment.
There are many, many variables when it comes to buying investment property, so first it's wise to work out what your desired outcome is by looking at what YOU really want.
Here are some questions you should be asking yourself:
[1] Am I looking for a home, a second home that I can rent out occasionally or do I want a pure investment opportunity?
[2] What sort of features should I be looking out for that best suits those requirements? For example, am I looking for a return on my investment within a short, medium or long term period and which markets or countries are best suited to this strategy?
[3] Am I simply looking for something beautiful in a stunning location that will always keep it's value?
[4] Where are the property hotspots and are the price increases sustainable?
[5] Am I willing to wait while a property is being built or do I want something I can move into immediately?
[6] Do I have enough capital to renovate or even build my own place?
[7] How much time am I willing to put into the property?
[8] Which countries are the most flexible if I want to dip in and out of the market, or release equity from my foreign purchases to create a portfolio?
[9] Which markets offer mortgages, and what's the maximum loan-to-value that would suit my current budget?
[10] Where is there a high and consistent demand for rented property?
[11] Where are the places that will hold their value regardless of market trends?
[12] Which country would be most tax-effective?
[13] Which places are the easiest to get to?
[14] How risk averse am I and which countries are safer bets?
Bulgarian Investment Property