Don’t Czech this out says Overseas Property Expert Lawrenson of LettingFoucs.com
I’m just back from a nice week in Prague.
Prague was a city I had considered buying in a few years ago.
But according to Czech friends there is quite a land grab going on and it is quite easy to get land to build on. This is certainly the case in Cernosice 10 miles or so to the south west of Prague where lots of new stuff had sprung up since I was last there.
Why can this be a problem?
As I always say, the first thing when looking to buy anywhere and this is especially true when buying abroad is to check out the availability of land to build on. Why? Well if land is easy to acquire then there is little to stop lots of new developments springing up - and the supply of that new stock will always act as a constraint on property prices and rental levels.
Another thought that was very top of my mind at 130am at Stansted as I waited in an interminable queue for immigration & after suffering a 3.5 hour delay at Prague airport is to think about how you will manage something far away. Will you want to or HAVE TO visit often to check out your investment and sort out problems?
After our experience last night with “NotEasyJet” and the shambles that passes for Stansted Airport (Note to BAA – please sort this mess out!), the interminable delays in getting to and from places abroad is another reason why I would definitely think twice about buying abroad unless it looked like a really good investment in the first place.
ABOUT LETTINGFOCUS.COM and DAVID LAWRENSON
I’m David Lawrenson a buy to let experts from lettingfocus.com.
I’m the author of “Successful Property Letting - How to Make Money in Buy to Let” which for the last 2 years has been the UK’s top selling property title: buy the UK's top selling property investment book
It is fully up to date with all the recent changes to tenancy deposit schemes, HMOs, licensing, capital gains taxes and it has new sections on buying property below market value. I’m an expert property speaker and a well known property blogger and I contribute to newspapers and a host of property websites, write a number of columns in the press and I can provide help for landlords
I also work as a consultant helping banks, building societies, housing associations and web portals with their buy to let and property products and services and am a regular speaker at property shows.
You can read more of my blog & find details of my networking, advice, property investors networking programme at my website.What’s unique about lettingfocus.com is that we offer overseas property investment mentoring because unlike most people in the buy to let and property “advice” business we are not linked to a property company, a developer, an agent or bridging loan financier and do not receive commissions from any of these sources.If a property investment is lousy – We’ll tell you straight and we will tell you all about buy to let and property investment - the good and the bad and we won’t make silly promises that you’ll become a millionaire overnight.
Copyright: David Lawrenson 2008. This blog is updated once a week. Permission must be sought before using the material in the blog.
Prague was a city I had considered buying in a few years ago.
But according to Czech friends there is quite a land grab going on and it is quite easy to get land to build on. This is certainly the case in Cernosice 10 miles or so to the south west of Prague where lots of new stuff had sprung up since I was last there.
Why can this be a problem?
As I always say, the first thing when looking to buy anywhere and this is especially true when buying abroad is to check out the availability of land to build on. Why? Well if land is easy to acquire then there is little to stop lots of new developments springing up - and the supply of that new stock will always act as a constraint on property prices and rental levels.
Another thought that was very top of my mind at 130am at Stansted as I waited in an interminable queue for immigration & after suffering a 3.5 hour delay at Prague airport is to think about how you will manage something far away. Will you want to or HAVE TO visit often to check out your investment and sort out problems?
After our experience last night with “NotEasyJet” and the shambles that passes for Stansted Airport (Note to BAA – please sort this mess out!), the interminable delays in getting to and from places abroad is another reason why I would definitely think twice about buying abroad unless it looked like a really good investment in the first place.
ABOUT LETTINGFOCUS.COM and DAVID LAWRENSON
I’m David Lawrenson a buy to let experts from lettingfocus.com.
I’m the author of “Successful Property Letting - How to Make Money in Buy to Let” which for the last 2 years has been the UK’s top selling property title: buy the UK's top selling property investment book
It is fully up to date with all the recent changes to tenancy deposit schemes, HMOs, licensing, capital gains taxes and it has new sections on buying property below market value. I’m an expert property speaker and a well known property blogger and I contribute to newspapers and a host of property websites, write a number of columns in the press and I can provide help for landlords
I also work as a consultant helping banks, building societies, housing associations and web portals with their buy to let and property products and services and am a regular speaker at property shows.
You can read more of my blog & find details of my networking, advice, property investors networking programme at my website.What’s unique about lettingfocus.com is that we offer overseas property investment mentoring because unlike most people in the buy to let and property “advice” business we are not linked to a property company, a developer, an agent or bridging loan financier and do not receive commissions from any of these sources.If a property investment is lousy – We’ll tell you straight and we will tell you all about buy to let and property investment - the good and the bad and we won’t make silly promises that you’ll become a millionaire overnight.
Copyright: David Lawrenson 2008. This blog is updated once a week. Permission must be sought before using the material in the blog.
This entry was posted by lettingfocus, on
Monday, June 02, 2008.
