Do polish banks chase you? / do they renegotiate?

[propertym]

Looking for advice on my options when a Polish property investment has gone wrong which has suffered from two problems
- i) reduction in property value
ii) Currency swing in wrong way on mortgage.
- Property value reduced to 300k. Mortgage in CHF is now 500k in zloty. Rent does not cover mortgage payments - have to pump in 450 pounds per month.
- Would like to know if anyone has experience of renegotiating with polish banks or anyone has experience of walking away from the property.
- We are british investors who live overseas as expats in hong kong and colombia.

 

[ceema.datta]

Never the less Thailand is still among the best Asian countries for foreigners to invest in, there is no inheritance tax or gift tax, capital gains tax is charged like income tax at the standard rate, and foreigners can own condominiums freehold. There are other ways for foreigners to buy in Thailand but a condominium purchase is the easiest. And even with the political turmoil as it is rental yields are still around the 8% mark in top tourist destination, Bangkok.

Another rising star in Asia's tourism industry is the Thai island of Koh Samui,which has been largely unaffected by turmoil on the mainland, and where potential investors will find mostly resort property.

 

[ceema.datta]

Property value reduced to 300k. Mortgage in CHF is now 500k in zloty. Rent does not cover mortgage payments - have to pump in 450 pounds per month.
- Would like to know if anyone has experience of renegotiating with polish banks or anyone has experience of walking away from the property.
- We are british investors who live overseas as expats in hong kong and colombia.