T
tudy68
Guest
hello,
last year i bought a 1 bed apartment as an investment property. - interest-only mortgage. now monthly repayment installment is slightly higher than the rent I receive.. (ie. interest = 1100 and rent receive = 1000) + there are costs like management fees, insurences etc and there may be further increase in int rates ahead. This was purely bought in assumption of high capital gains...
Looking at the trend of the property market in ireland now, it seems it is unlikely to gain much in terms of capital increase.. say after 5 years or so... what are your views?? sell now or keep ...?
appreciate your opinion...
td
last year i bought a 1 bed apartment as an investment property. - interest-only mortgage. now monthly repayment installment is slightly higher than the rent I receive.. (ie. interest = 1100 and rent receive = 1000) + there are costs like management fees, insurences etc and there may be further increase in int rates ahead. This was purely bought in assumption of high capital gains...
Looking at the trend of the property market in ireland now, it seems it is unlikely to gain much in terms of capital increase.. say after 5 years or so... what are your views?? sell now or keep ...?
appreciate your opinion...
td