B
Badgersack
New Member
Hi All,
We have a 1 bdrm flat in SW London being rented and currently becoming vacant. We are looking to invest in a rental property in NZ, to later live in (4-5 yrs time).
We could afford (barely) to invest in NZ without selling the London rental, but considering selling and investing that money in NZ.
Reasons for selling:
Thanks
We have a 1 bdrm flat in SW London being rented and currently becoming vacant. We are looking to invest in a rental property in NZ, to later live in (4-5 yrs time).
We could afford (barely) to invest in NZ without selling the London rental, but considering selling and investing that money in NZ.
Reasons for selling:
- Forecasts for property value increases are higher in NZ
- Tax increases on landlords in UK reducing yield
- CGT looking likely to increase
- Lack of faith in goverment to protect assets.
- Incurring early repayment charge from lender
- So far property has been contunally occupied with minimal issues
- Bad time to sell due to Covid and possible lower sale price
- Hedging our bets and staying in both markets wiser?
Thanks