8th May 2023 Property
Buy-to-Let Britain is dying - here's where to invest now
By Ruth Bloomfield
Excerpt of Louise Reynolds' views on where to invest in Buy-to-Let outside of Britain
Landlords are selling up in droves and on the look out for moneymaking purchases abroad - from a villa in Barbados to city flat in Poland. By Ruth Bloomfield
'....For buyers looking for solid returns and capital growth plus low entry costs Louise Reynolds, director of Property Venture, which helps buyers invest in property across Europe, suggests Poland - specifically Krakow.
A one-bedroom apartment in the city centre would cost £130,000 to £150,000, and would have great potential for short lets. Lots of people go there for weekend breaks ' she says. 'She estimates buyers could expect to earn a gross yield of 7pc to 9pc. Net yields, less running costs would, of course be less.
'A complication with investing in Polish real estate is that it is really only an option for cash buyers. Cash is king in Poland particularly since we left the EU' Reynolds adds. 'It is very very difficult for someone British to get a mortgage in Poland. 'Wherever they invest British buyers will need to get their heads around the local tax system, since rental incomes tend to be taxed locally.
But Poland is one of those countries which has a double taxation treaty with the UK. It means any tax paid there can be offset against tax payments back home. And Reynolds practises what she preaches. She bought a one-bedroom rental in the city in 2007 for £56,000. Today is is worth up to £130,000. It is steady, sustainable growth, she says. Krakow is a good choice for short lets because it is a city and so there is demand all-year round.'
Our clients get regular insights and updates on the latest changes in the property market. Want these? Go here
Please get in contact to chat your plans through by telephone +44 (0) 1932 849 536 or contact us
Property Venture® is an award-winning, Boutique investment property specialist that provides a bespoke sourcing service for time-strapped entrepreneurs and expats. Having landlord, investment and development experience means we know how to help you buy well and add value to property.
Members of the Property Redress Scheme (PRS). On the Advisory Board and a Member of the Association of International Property Professionals (AIPP) the business has been vetted, approved and voluntarily commits to Industry Regulation and the Professional Code of Conduct. We are known for our quality customer service and non-pressurised approach to sales. Take a look at what our clients say