Discussion in 'Finance, Property, Law' started by phibeck, May 16, 2011.

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  1. Alsacien

    Alsacien LE Moderator

    I just took a look at their Germany section - not only are many of their "facts" wrong, but it is 5 years out of date at best.

    Assetz® Property Investment Tracker. Guide to Property Prices and Performance UK and Abroad
    This tracker link they provide has realistic data - showing a 1% return on a 42k investment in Germany.

    All my investments are in property across several countries - there is simply no substitute for knowing both the national and local market. Otherwise someone will be making money out of your investment with no risk on themselves.
  2. Sensible advice. Where are you resident?

    I am resident in Norway, which would make the services of someone like assetz very useful - if they are good.
  3. Alsacien

    Alsacien LE Moderator

    Depends on how you define resident I own property and file tax returns in 3 countries.
    I can see from your locsat why you would want to look further afield, it is a huge market and you need to take the time to learn it.
    My next investment will be circa 300k in Var southern France, been learning and looking for the right option for 4 years now.
    I don't know the Spanish market, but those that do tell me that there is a lot to be made from the current situation if you have cash in pocket and a long term view.
  4. Might I ask what countries you currently invest in?

    There are some good buys to be had in the States, but there are many who think that prices could drop even further over.

    Norway has some strange tax laws, with some countries there is a tax agreement, so you only pay tax in the country the property is in, but with others, you have to pay an additional Norwegian tax. One of the places which it is advantageous (Norwegian tax-wise) to purchase property is the Philllipines. Foreigners cannot own property in their own right - but you can for example invest in projects like hotels, and tourist holiday villas. The future economics of the the whole of SE Asia and the far East is thought to be quite rosy. Do you have any comments?

  5. Part of Assetz PR group then are we Nigel? Very subtle... not!
  6. Sounds slighty similiar to Brandeaux Student Accommodation fund (SEDOL B61PNY0) , which has had a fairly bumpy road, they had to suspend dealing in 2009. Property funds can be very risky, getting liquidity is usually quite difficult and if you need to get your money out you can be waiting several years. I would suggest not taking any firm's website at face value and do some research of your own, try forums like moneysavingexpert.
  7. BiscuitsAB

    BiscuitsAB LE Moderator

    If anyone is thinking of buying one or more investment properties in the UK and doesn't want to run the whole process them selves, I'm just on the tail end of doing the Due Diligence work on a firm that specialises in building portfolios for clients. The have a one stop shop approach, what they don't do however is hold client money. ie your money, and all properties are registered in the clients name. If anyone is interested shout up, I'll be finished on the DD within a couple of weeks I should think.
  8. Forastero

    Forastero LE Moderator

    Why are you responding to this? It's blindingly obvious that it's spam.
  9. Er..because not everyone is as good as you & I at spotting spam and I thought i'd try to put up some sort of useful (subjective I know) warning about taking those sort of websites at face value.
  10. So is this...

    But it's still here.