Holiday Investment Under 45k Euros: (buying a holiday let in say Turkey or Bulgaria )

Re: Holiday Investment Under 45k Euros

I see what you mean auto, somewhere like Morroco would leave me very worried while she was there. Although Id be more worried for the beggers than my mum; the last person who asked her for money is still being cared for!

This is not an all round situe but 2 or 3 months per year. I think Spain or Portugal would be a better bet, just more expensive.

I understand the idea of investing the money but she already does this so I wanted to get invloved with property with my own money. Perhaps with low investment.

Thanks for your comments everyone..

Re: Holiday Investment Under 45k Euros

Bnage said:

Thanks for the advise. Just want to buy somewhere for my mother as she has retired. Rather than looking at off plan, what about a unit that is alomst complete or already completed?

Any other cheap countries WORTH looking at?

Thanks

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Take a look at Slovakia in the High and Low Tatra mountain region. I have brought offplan there but you can look at picking up a resale property in your budget. The

Re: Holiday Investment Under 45k Euros

You can just about get a decent house around 20km to 60km inland from Varna for 45,000 euros. I have two or three renovated houses I know of in this price bracket. You will not get anything directly on the sea except for over priced apartment but move inland a little and prices still fairly good.

Rachel

Only problem with the inland property in Bularia from the OP's point of view is that it's not much use as a holiday home for a retired person in wintertime. Ok for someone who really likes Bulgarian rural living and culture, but a waste of time otherwise and not a good long-term investment -- over supply of rural property in half-deserted villages chasing low demand.

WHY? Do you have to be by the sea to retire? What is wrong with retiring to the country - many people do in the UK. Anyway villages inland are not deserted. I realise you have some knowledge of Bulgaria but it seems very outdated. My village is a lively village with restaurants, shop etc. Most are. All have a bus route, some have train stations. Where I am is not so harsh winters. Inland can prove a very good investment and there most definitely not an over supply of rural property, more a shortage of good decent houses and particularly renovated ones. These sell very quickly.

I am not going to get into yet another argument with you on this but please refrain from making comments on things you know little about.

Rachel

Nothing wrong with the countryside at all, I love it! However my idea of a retirement home is not in a chilly backwater in Bulgaria, but I did say, if you read my post, that it will suit a limited number of people who like the life and culture in rural Bulgaria. For me, it would be just too miserable in wintertime, but I accept that that is just my view and that others, including yourself, see it differently.

As for rural Bulgaria being a good investment, it is probably a lot better than the overpriced coastal property, but only in the sense that the low prices mean that you have less to lose. It is simply a fact of the market that rural houses in deserted villages (see much of inland France) comprise a stagnant market with little or no investment potential.

And before you start to disagree, I know that the countryside, particularly in summertime, is very pretty and a beautiful environment for a relaxing couple of weeks. But would I live there? Not likely, and neither would most people; the reason that so many houses are available there is because the Bulgarians have deserted them. This is the story in many countries in Europe, including Ireland -- in spite of a property boom in Ireland there are still loads of empty houses in places like Mayo and Leitrim that nobody wants to live in.

All my life I have kept out of trouble in the property business by thinking with my head instead of my heart; that means staying away from these kinds of properties, nice and all as they are. Nice places, wrong location, location, location.

And unless I am very much mistaken, this thread is about property investment, not property buying. Two entirely different things.

True; I started this thread as I am buying as an Investment of between 5 and 10 years. I have looked at a lot of older, rural buildings (some in a good state, some not) throughout Europe on the net but nothing gets me excited. I honestly cant see how somewhere like that could make me money; maybe Im wrong.

New build is what I will probably go for but not Bulgaria. Too many horror stories have convinced me it is too dangerous.

Why do you think it is miserable in winter time? It is lovely - frosty mornings, blue sky, even quite warm during the day. Lovely restaurants to visit, museums, shopping - loads to do.

Why do you think all villages are deserted? Sure there are a few high in the mountains with only a handful of inhabitants but most villages have several hundred to a thousand people living there and more on weekends when city dwellers come to their country houses.

The market for rural property here is booming. Not stagnant at all. Definite investment potential. I could easily sell all my properties for far more than I bought them for.

Not wrong location at all - fantastic locations.

Rurla property in Bulgaria is steadily rising. Can easily hold and sell on for profit in a year or so or renovate and sell on for good margin.

I have bought for a home but also for investment.

I still say you have a very outdated and incorrect view of Bulgaria that you keep trying to push on others.

Bnage - new build or renovation are not dangerous, you just need to get good reliable builders. Good project management and you are away.

Rachel