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Buy in UK or France for rental income?

Posted by nice cuppa tee - Created: 13 years ago
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2 replies (Showing replies: 1 to 2)

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Posted by LaCremedelaCreme - 13 years ago

If I were you I would definately choose the UK because in France taxes are higher and the law is more in favour of the tenant. For example in France if the tenants don't pay the rent you can't evict them during the winter. You can only increase their rent by inflation and you have to allow them stay for 3 years (in unfurnished). Plus if you have a problem you would have to deal with French law which is a disadvantage if you are not French.

In the Cote d'Azur you would find plenty of tenants but this is because no-one in the right mind wants to be a landlord unless they are exploiting one of the French tax exemptions or have an exceptionally high yield. A UK university town would be a good choice as jivebaby says.

Alternatively have you thought of just putting the money in the bank for a year? You can get 6% interest on sterling with no worries, hastle or risk at all. You might not even get this much on a rental yield.

Cheers

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Posted by jivebaby-189615 - 13 years ago

Look at one of the norther varsity towns in the UK and rent to students - get a good manager a pay them weel to look after our interests. Pproperty is not going to crash and short term 1-2 years sterling look good agaisnt the euro maybe as low as 0.62 again...JiveBaby