Perhaps it has been asked/answered many times before but I guess everyone has a different circumstances. I will appreciate your opinion.
These are my circumstances.
Rental property:
Value: c. €200K
Loan o/s: €130K
Trackers with KBC
Remaining Term: 20 yrs
Current Value: c. €200K (purchased for €330K)
After the taxes, mortgage plus other expenses, no net income.
We moved into new house 3/4 yrs ago and there is loan of c. €210K (Var 2.75%).
if I sell the rental property, I will have €70K/€80K surplus, which I can use to partially pay off the loan on PPR.
What do you think - Should I keep the 2nd property (deal with all the issues which come with this business and hope the prices will keep rising) or cut my losses and move on ?
Thank you in advance for your opinion.
These are my circumstances.
Rental property:
Value: c. €200K
Loan o/s: €130K
Trackers with KBC
Remaining Term: 20 yrs
Current Value: c. €200K (purchased for €330K)
After the taxes, mortgage plus other expenses, no net income.
We moved into new house 3/4 yrs ago and there is loan of c. €210K (Var 2.75%).
if I sell the rental property, I will have €70K/€80K surplus, which I can use to partially pay off the loan on PPR.
What do you think - Should I keep the 2nd property (deal with all the issues which come with this business and hope the prices will keep rising) or cut my losses and move on ?
Thank you in advance for your opinion.