Overseas Property Forum

chris · Mon Nov 06, 2006 10:20 pm higher yielding properties

properties yielding over 10% seem to be mainly in the poorer regions of scotland ...depends if you are comfortable with this.. from what i have seen it is still possible to get 7.5 or 8 % in north east or west england but you really have to do your research and if you are not close enough to manage the property yourself you need to decide on your area and develope good relations with local agents. dont buy the odd one in different areas as this will be difficuilt to manage but if youbuild a portfolio in a relatively tight area you can offer more property business to your agent for that area and the bigger your portfolio the better the service you will get and you can negotiate discouts.

i have an excellent agent in my home town who charges 10% plus vat for a fully managed service, free tennant find and a free rent guarantee for the first six months...i have known them for a couple of years now and I only get charged 7.5 % plus vat.. I am not their biggest client but I have developed a good relationshp with them and we trust each other implicitly..

Nigel M · Tue Nov 07, 2006 2:47 pm

Interesting post. I live in Sussex and dont fancy a trip upto Scotland to sort out anything. Probably have to change my investment strategy if thats the only area giving double figure yields.

Nigel M.