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183
UK Flat – Sell or Keep Renting? Expats Who’ve Been There – What Did You Do?
Regards leasehold flats....absolutely yes, if the building is 3 stories. And with minimal grounds to object or compensation for the disruption. It's very poorly thought out legislation passed by the Conservatives in 2020, supposedly to increase housing supply in urban areas but more like a pot of gold for freeholders since the value of the freehold jumps dramatically with planning permission granted. Where I live, our freeholder won "Prior Approval" to build 8 new apartments on top of our building despite huge objections. However, our owners group commissioned a surveyor and among other things, found insufficient foundations amongst other things which in reality seems to make it impossible for them to sell the freehold. They failed in the 3 years the planning permission was active (they don't want to do the development themselves, just sell the freehold for a pot of gold). However, this stupid legislation allows them to apply again, probably hoping to sell the freehold to a stupid buyer who didn't do due diligence first. Obviously, while planning permission exists, it makes it impossible to sell your property for a reasonable price. So, if you own a leasehold flat of 3 stories, you should get rid asap. You mention you've also run your own figures on ROI from rental income and capital gains. Only you can decide if it's worth it but seems tenuous in your case. And landlords are exiting the market as I mentioned, renters very much have the upper hand and good luck if you get someone who fails to pay up or won't budge. If you compare stock investments over the last 10-15 years, on average they have outperformed property and without all the aggro of managing and maintaining it, and the risk of getting a tenant from hell. 50-70% nominal return (no inflation adjustment) over a 5 year period would be an ballpark figure from a global equity income tracker fund. Meanwhile, 10 years in a S&P500 tracker ETF would have yielded 180% nominal but that market outperformed. In contrast, emerging markets performed badly. Global equity funds are there to deliver reasonably reliable gains over the long term investing in stocks paying dividends etc. So they won't deliver spectacular gains but won't leave you broke. Hence why I'd look for that kind of thing as an alternative to property income. I've been fairly interested in investing for a while, so while I'm far from an expert I'm comfortable managing things. Being self educated is easy to do, lots of free resources out there, basic principle is deciding your risk appetite and not putting all eggs in one basket. In both pensions and my own money, I'm in a mixture of trackers (global, emerging markets and UK equities) and various actively managed funds, I also own some stocks and ETFs directly. I tend to hold for the longer term. I don't bother with crypto or bonds. I have my money spread about - some has done better than others e.g. S&P 500 performed well, China/Hong Kong was poor. Like I say, it's all about risk appetite. -
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Report Chinese 'Journalists' Arrested near Thai Military Bases in Surin
The fact that they had counterfeit papers definitely makes them criminals The scam call centers are also near the borders apparently. Thailand needs to open their eyes where their Chinese « friends » are concerned. -
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Russian pipe dream
https://nationalsecurityjournal.org/russias-new-pak-da-stealth-bomber-summed-up-in-just-2-words/ MORE Russia’s New PAK DA Stealth Bomber Summed Up In Just 2 Words- 1
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183
UK Flat – Sell or Keep Renting? Expats Who’ve Been There – What Did You Do?
I find that houses and the land they sit on Thailand do not increase that much in compared to the UK for example. I know the asking prices rise but not much seems to get sold, some parcels of land are on the market for years and the Thais do not seem to realise it is because the asking prices are too high, they try and sell it for what they want for it and not at what the market value is. It is different in say Phuket, two detached houses I know of in my housing estate sold for 6 million baht each recently and were bought about fifteen years ago for about 4.2 million which is around a 45% increase. But we farangs can not own land which for me would be a worry and so in my case my Thai partner owns houses and land in Thailand which she bought and rents out and I have mine in the UK and rent them out which keep her and I on good terms as we are financially independent. I have heard too many horror stories first hand of how things were great for years where farangs had houses and land in their partner/wife's name and then later things went South leaving the farangs broke. -
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Video Thai Woman's Private Photos Stolen: Staff at Phone Store Suspected
And if the phone breaks before you turn it on? -
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