ASK452: Should I sell up in the south? PLUS: Is it time to cut the rent?
Update: 2024-10-29
Description
Happy Tuesday! Rob & Rob are back and answering two more of your questions!
- (0:38 ) With four properties in the South-East, split between personal ownership and a limited company, Richard’s weighing up the investment potential of the area against the rest of the country. He’s considering selling and reinvesting in the North, where he believes yields and growth are more promising. But with costs like capital gains tax and stamp duty, he’s wondering if it’s really worth it. What advice will the guys have for him?
- (5:38 ) Andy just bought a luxury two-bedroom apartment in Manchester City Centre, part of a 400-unit block mostly owned by investors. With many landlords dropping their rents to fill their properties faster, he’s wondering if he should do the same or hold out for the higher income he expected when he bought it.
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