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✎ EN Buy-to-Let

Discussion in 'Departure' started by fido, Feb 8, 2011.

  1. fido

    fido New Member

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    This is my first post here although I've used other expat websites. I'm planning to do early retirement in Hungary, funded by income from renting property. I will rent my cottage in north east Scotland but also intend to buy another property elsewhere to do a buy-to-let. At first I intended to buy a property in Germany for this but I'm told that legislation there is stacked against the landlord and some end up making a loss. There are bargain houses for sale in USA but when I inquired there does not appear to be an appropriate visa available to spend a few months in USA finding, buying and preparing a place to be rented.

    I only have about 60,000 Euros available to buy this property so I can't afford anything in UK but I'm wondering about getting an apartment in Budapest or Veliko Turnovo, Bulgaria (I already have contacts there) or even something in Sweden. I just wondered if anyone has suggestions of where to consider for a buy-to-let investment?
     
  2. EasyExpat

    EasyExpat Administrator
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    If you are planning to retire in Hungary it makes much more sense to look for a property in this country. Prices are much cheaper than in Western countries and you should not have visa issues (EU citizen).
     
  3. fido

    fido New Member

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    Rent income is also lower than in western countries.....
     
  4. EasyExpat

    EasyExpat Administrator
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    Yes but you cannot buy a cheap house and charge a high rent. In London estate agents are used to say that the weekely rent is about the price of the flat/house divided by 1000.
     
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