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.'

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 Full Telegraph Article is here