This week on Ask Rob & Rob, Mark asked:
Should I invest in the UK or abroad?
Never an easy decision! The answer hinges – as it often does – on the the property strategy that you particularly wish to pursue. If you’re looking to do labour and knowledge-intensive flips that require a great deal of info, then it had better be in an area with which you’re very familiar.
If you’re looking for something simple, then you’re going to be very well served investing in the UK. There’s a very robust legal system for a start – one of the oldest in the world – you know what you’re getting. Whatever your opinion of our current crop of politicians, the system is relatively stable and isn’t likely to change any time soon. The pound is also an important currency globally. All this makes the UK a stable investment, and the lack of available property makes prices strongly likely to go up over time.
It all comes down to what you want. If you’re looking for a relatively low-risk investment, the UK is a safe bet. Investing abroad is riskier, but if you understand the pros and cons of a different market, it may well work for you.
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