On Thu, Dec 09, 2004 at 12:32:10AM +0000, Daire McKenna wrote:
When Davey suggested buyign a house my first thought was that it would be in Budapest or Warsaw or Lisbon or somewhere like that. Not local. Wouldn't that be a better road to go down?
Ah, yes it would. The other thing to bear in mind, and this is true for all property transactions, is that it's expensive, so money would have to really be committed for the medium-term by all involved. This isn't a show-stopper, just saying :) What might be worth researching is whether there's any nice tax incentive schemes going on in developing EU countries - I usually pass over a load of adverts for these kind of schemes in The Phoenix, I'll dig out a recent copy and see if there's anything useful in them. And if that local market goes to shit, we've got a nice holiday home ;) Actually, Daire's mail gave me another idea - Foreign post offices! You get 5% from the UK :) http://www.postoffice.co.uk/portal/po/content2?mediaId=14500212&catId=14500210 I initially see diversifying as being sensible, though obviously not as fun, but I need to read up more on how to invest etc. Brian.