Hi. Without discussing an individual development, what's your view on investing in domestic real estate outside London, in for example Sheffield or Manchester?
These cities seem to offer reasonable if unspectacular yields. Both are part of the "Northern Powerhouse" initiative. I also recently saw a mortgages offered under 3% fixed for 10 years for 40% deposit. So if these could be combined it might well pay off. Especially if the world is heading for a Japan type scenario of near 0% rates forever.
Has the hike in capital gains killed the market?
Has the hike in stamp duty killed the market?
This would be a long term buy and hold for yield.
Thoughts?
These cities seem to offer reasonable if unspectacular yields. Both are part of the "Northern Powerhouse" initiative. I also recently saw a mortgages offered under 3% fixed for 10 years for 40% deposit. So if these could be combined it might well pay off. Especially if the world is heading for a Japan type scenario of near 0% rates forever.
Has the hike in capital gains killed the market?
Has the hike in stamp duty killed the market?
This would be a long term buy and hold for yield.
Thoughts?