I was reading another thread on another forum, and this comment popped up:
Recently, Ive been debating whether to invest in a property in France.
At the moment, im 22, No commitments at all (No GF etc), work is fairly flexable, All the money i earn from my job, goes straight into savings (car/insurance etc is all fully paid for), the only money i pay is monthly rent to the parents (£130). I figure that if i save for another 2-3 years, i could easily afford to buy a property in france in cash.
A friend of my moms has just done this, bought a house in france for £60k-ish, redecorated, installed an outside pool, and is now renting it out, and from what i hear, making a tidy sum of money from it.
So while i have the chance, it sounds quite a good idea from my point of view. I note with interest that houses in the Brittany area are especially cheap, with houses at £40k looking very nice indeed, and ideal from a rental point of view. Also Brittany is only a stones throw from Calais, making the journey much more favorable.
With that out the way, what do people think of this idea? Obviously id have the help of the parents when it comes to buying advice/redecorating etc etc, and i think at my age, from an investment point of view, its a fairly good idea. I know the initial outlay is huge - buying the house, but after that, id have the income of the person renting the house, as well as the gaurenteed income from my job, as well as my own property to enjoy a holiday in, and eventually move out there, who knows.
The reason for my thinking being, that even though my job is only part time (20 hours a week), i do loads of overtime. Even so, i cant ever see me being able to afford a house in the UK, even if i do deciede to find a girlfriend, the chances are slim. My friend has just got engaged to his girlfriend, but they have had to rent for a few years untill their financial situation improves, because they just cant afford it. Seeing that situation, combined with that fact that my moms friend seems to be making good money out of having a house in france, it got me thinking.
These are the sort of houses im looking at: http://www.jbfrenchhouses.co.uk/50,1to 75 Brittany.htm
And i know this isnt the train of thought a 22 year old should be having (after all, all they do is get p!ssed up every night on the town isnt it?
) But looking ahead in life a bit, owning a house in france is something id like to do.
Its either that, or spend my money on something stupid like a westfield, that would just lose me even more money in the long run anyway, and possibly kill me
!
Sorry for the long thread, but i thought its worthy of asking other peoples opinions, who are perhaps more experienced than me in things like this.
Ta
James
Recently, Ive been debating whether to invest in a property in France.
At the moment, im 22, No commitments at all (No GF etc), work is fairly flexable, All the money i earn from my job, goes straight into savings (car/insurance etc is all fully paid for), the only money i pay is monthly rent to the parents (£130). I figure that if i save for another 2-3 years, i could easily afford to buy a property in france in cash.
A friend of my moms has just done this, bought a house in france for £60k-ish, redecorated, installed an outside pool, and is now renting it out, and from what i hear, making a tidy sum of money from it.
So while i have the chance, it sounds quite a good idea from my point of view. I note with interest that houses in the Brittany area are especially cheap, with houses at £40k looking very nice indeed, and ideal from a rental point of view. Also Brittany is only a stones throw from Calais, making the journey much more favorable.
With that out the way, what do people think of this idea? Obviously id have the help of the parents when it comes to buying advice/redecorating etc etc, and i think at my age, from an investment point of view, its a fairly good idea. I know the initial outlay is huge - buying the house, but after that, id have the income of the person renting the house, as well as the gaurenteed income from my job, as well as my own property to enjoy a holiday in, and eventually move out there, who knows.
The reason for my thinking being, that even though my job is only part time (20 hours a week), i do loads of overtime. Even so, i cant ever see me being able to afford a house in the UK, even if i do deciede to find a girlfriend, the chances are slim. My friend has just got engaged to his girlfriend, but they have had to rent for a few years untill their financial situation improves, because they just cant afford it. Seeing that situation, combined with that fact that my moms friend seems to be making good money out of having a house in france, it got me thinking.
These are the sort of houses im looking at: http://www.jbfrenchhouses.co.uk/50,1to 75 Brittany.htm
And i know this isnt the train of thought a 22 year old should be having (after all, all they do is get p!ssed up every night on the town isnt it?
) But looking ahead in life a bit, owning a house in france is something id like to do.Its either that, or spend my money on something stupid like a westfield, that would just lose me even more money in the long run anyway, and possibly kill me
!Sorry for the long thread, but i thought its worthy of asking other peoples opinions, who are perhaps more experienced than me in things like this.
Ta
James
