minimum investment?

[steviego1]

hi guys,

would like to get into the overseas property market,what is the minimum investment i could use,then mortgage the outstanding balance.


thanks stevie g

[dave99]

Originally Posted by steviego1

hi guys,

would like to get into the overseas property market,what is the minimum investment i could use,then mortgage the outstanding balance.


thanks stevie g

Hurghada - Red Sea still low outlay to get started.

Is this just for investment on the cheap is so you could get a studio somewhere that is not too far from the beach / popular toruist areas, without furniture for between £13K - £16K.

Payment terms could be over 2 years or as little as 1 month depends on if you want to start using soon or off-plan way into the future.

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Too much choice will be your problem

You need to get an idea of what you're looking for to cut down on what to look at.

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[queenie40something]

Hi Stevie and welcome to the forum. We have a sticky thread for introductions so you might like to post a few lines there.

See the thread on page 2 ref Property Developers and payment plans to get an idea.

All developers will offer something different. But most seem to be a deposit with the balance paid over 2 or 3 years interest free. There are many properties for sale under 25k and most will give you 10% discount for cash - we got 15% discount.

Queenie