...in Belgium (Eurostar just needs 2,5 hours from Brussels to London)

for less then 3,000,000 pounds....well i would prefer this one to a small flat in W1.














http://go.immonet.de/images.do;jsessionid=aHnwJcDOocP7?showtype=slideshow&media=0&object_id=5413208&

Its amazing what you can get for your money abroad, I keep looking and thinking all Ive got to do is sell one house to afford to buy somewhere like that out right.

House prices around here have gone up 25% in the past year alone. Ive off loaded 3 of my houses already this year with a 4th about to go on the market. I'll have made just over 300K profit if this 4th one sells quilky so that would just about cover it less agents fee's etc.

How did you start then? When did you buy your first one and how much money did you borrow? So on the continent you would be a (Euro) millionaire I assume!

I think you happened to start at the right time.

Somehow I have the feeling that buying property in the UK right now is similiar to buying stocks that reached their peak....before they go down again.

For 20K I would have bought something es well...but the margins get smaller and smaller and competition is probably really tough as everyone is trying to get a bargain or to buy a dilapidated house in order to refurbish it...and if you buy one that is new or already refurbished....you not only pay for the house itself, but also for lots of people that traded the house in between....

Maybe it changes if farming land is converted to building land some day...and plenty of land came available for building new homes....

Your spot on Toby, thats exactly the way its gone. The margins now are really small as everything is selling for top money. I had one house on the market for 3 days and got the full asking price just like that.

I dont understand where the money keeps coming from, I find it hard to belive that many people are moving up the housing chain and buying bigger houses. I think something has to give, prob interest rates will go up thus forcing house prices down, the two are never high at the same time. The experts say thngs will slow down but not crash but somethings got to give.

Yeah no probs but Im not sure if things work the same where you are plus you need people who can work for youin renovating places, plasteres, sparkys, plumbers etc. We do a lot of the work ourselves having been taught it over the past few years.

it is really disillusioning to see what you can get for 30k nowadays in the uk:

£30,000



http://www.rightmove.co.uk/viewdetails-13671082.rsp?pa_n=3&tr_t=buy

But it is not only property in the UK for sale in the UK...it is also property abroad that is for sale in the UK.

Just checked on rightmove for property in Bulgaria and saw property that is for sale at 25,000 pounds, that people in Bulgaria would sell for not more then 4000 pounds.

ant buy me that castle and i shall live in it as your queen!!

ahem..... i mean.... i really like that castle