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Buying a house as an investment in Liverpool?

  • 07-06-2007 7:09pm
    #1
    gary the great
    Closed Accounts Posts: 2,665 ✭✭✭


    Im thinking of buying a house in the UK.
    I currently live in Surrey, but dont think i'd be able to afford a house here on my own just yet. I also plan on moving back to Dublin in the near future so dont want to have a massive mortgage on a house here.

    I was lookin at investing in a house in Liverpool, were they seem to be really cheap. With them being capital of clture of something next year and a lot of investment going into the area, would this be a good buy?

    I havent yet looked into the specific areas or anything, but generally would this be a good investment?


Comments

  • #2
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,286 Mod ✭✭✭✭The_Conductor


    If you're planning on moving back to Dublin, as you say you are, you would forfeit your First-Time-Buyer status (0% stamp duty) here in Ireland, if you buy in Liverpool. Commentators in the UK are forecasting a property bubble there, akin to ours, at the moment- so Culture Capital etc, I wouldn't be too thrilled.

    Have a look at previous Culture Capitals- what boost, if any, did this honour have on property prices?

    Regardless of UK property appreciation- it could well that the loss of your FTB status in Ireland would far outway any potential gain in asset value in Liverpool......


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