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Will be working in UK for 5 years- worth buying house there

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  • 23-09-2023 10:33pm
    #1
    Hannaho
    Registered Users Posts: 723 ✭✭✭


    I will be working in the UK for the next five years. Just wondering if it's worth buying a property there rather than renting. I know buying property a road can com9licate tax and inheritance issues



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    #2
    Moonbeam
    Moderators, Education Moderators, Society & Culture Moderators Posts: 18,953 Mod ✭✭✭✭Moonbeam


    it depends on the area that you will be living in and if you are moving family there.



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    #3
    Hannaho
    Registered Users Posts: 723 ✭✭✭Hannaho


    I will be living and working in Edinburgh. My family are grown up and will be staying in Ireland. I have an apartment I'm Ireland which I will keep for when or if I return



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    #4
    spaceHopper
    Registered Users Posts: 3,972 ✭✭✭spaceHopper


    I think the answer is yes, purely because 5 years could become longer if you like the place. Lots of people go for a few years and stay forever.



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    #5
    Claw Hammer
    Registered Users Posts: 6,164 ✭✭✭Claw Hammer


    You might be able to buy a fixer upper and make money on it. If you have cash to buy it is possible to do well with fixer uppers in the UK.



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    #6
    Moonbeam
    Moderators, Education Moderators, Society & Culture Moderators Posts: 18,953 Mod ✭✭✭✭Moonbeam


    I think you should buy so,nothing too crazy and maybe somewhere that needs some work.



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