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UK / Northern Ireland

Discussion in 'Where to Buy' started by Darlinghurst Boy, 23rd Mar, 2016.

  1. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    866
    Location:
    Darlinghurst Sydney
    Had some interesting advice that Belfast in Northern Ireland is now moving up in price albeit very slowly.
    But with more tourism etc and the fighting/ troubles being more or less over it will go up very quickly in the next few years.
    I have been perusing the Real Estate in Belfast and good returns on 2 bedroom units at $70,000.
    I would like to invest there ... Can i go through a Real estate agent here in Sydney ?

    I have rung the agent in Belfast a few times.. He if course wanted me to out down a deposit without going over there and looking .
    I may have to get a Belfast buyers agent.
    Anyone here have real estate in the UK?
    My tax will be paid to the UK Govt .
     

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  2. jins13

    jins13 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    941
    Location:
    Sydney
    Good to see you diversifying from the all of the regional areas of Australia and now to the overseas market
     
  3. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    7,354
    Location:
    Perth, Melbourne, USA

    what are the returns?
    what about the Au$/currency play
    do you pay stamp duty ?
    have you checked out CGT ? %
    PM fees/lease contracts
    Structure when buying o/seas
     
  4. dabbler

    dabbler Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,668
    Location:
    Sid en e - olympic city
    I know nothing of the market there, no agents etc, but seeing it got smashed it is likely to grow, so DB in a few years or decades will be King on PC....I see no reason not to have a go if the numbers work for you and you can afford it.