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Buying UK Investment Property - Thoughts?

Discussion in 'Real Estate' started by MRT, 16th Oct, 2010.

  1. MRT

    MRT New Member

    Joined:
    16th Oct, 2010
    Posts:
    1
    Location:
    Sydney, NSW
    Considering buying a residential investment property in the UK
    with exchange rate being the way it is, and the local market
    being as ridiculous as it is (you can guess I'm not a home owner :p).

    Just soliciting thought/comment from the collective genius of this forum :)
     
  2. Chris C

    Chris C Well-Known Member

    Joined:
    2nd Apr, 2008
    Posts:
    1,327
    Location:
    Brisbane, QLD
    I think taking advantage of what is probably an overpriced Australian dollar by investing in overseas assets could be a good strategy. That said I think while investing abroad may be a good idea it is always a good idea to make sure that the asset you are buying is still a good investment.

    I have serious doubts about the UK economy over the next 5 to 10 years and I think there are much better countries you could be investing in other than the UK. With that said the UK housing market would seem to have had a reasonable correction in house prices over the last couple of years. Though I expect that the UK property market still won't be a amazing investment over the next 5 to 10 years and if the UK economy did hit some roadblocks it is likely that the property market would resume its downturn.

    Those are my thoughts. Take them with a grain of salt.