Want to become a property investor? One of the biggest things that have been holding you back in the UK is probably the extreme property prices.
But luckily there is still a way for you to start investing in property and this investment method is going to give you a whole lot more at a much lower price.
An average one bedroom, one bathroom apartment in central London in the UK costs around £550,000. This is quite high, especially if you are looking into buying to rent. Paying around £11,000 per square meter for a 50 square meter flat is quite dramatic and the chances of being able to pay off your mortgage through rental income are quite slim.
Instead of wasting your money on a market that is just too competitive why don’t you try thinking outside the box and start thinking outside the UK borderlines by investing abroad.
When you invest abroad you can pay a lot less for much bigger and more luxurious property or accommodations. For example; for almost the same price as a one bedroom apartment in the UK you could own a 3 bedrooms, 4 bathroom, and mountain or sea view luxury villa of 258m 2 in Lanzarote in Spain. Or you could buy a 4 story, 7 bedrooms, 1 salon, 4 bathrooms and 2 kitchen luxury seaside villa in Tirana Albania.
Your dream of becoming a property investor can still become a reality if you only choose to invest in the right location. Check out this infographic to see other great property prices around the world.