Buying rural home in it/bg or es?

[Jade33]

Considering the madness going on in the world and restrictions that apply being in an‌ apartment just doesn't tickle my sense of freedom....
So I have been looking at buying‍ a property abroad (EU) that I could go to for holidays, or pack up my⁠ car and drive to if necessary (worst case scenario escape 😉 )
One is in spain⁤ valencia, one is in the north of italy and one is in bulgaria veliko area⁣
They are quite rural, cheap and have a lot of land!
it are strange times⁢ and I have a major economic concern for the coming years with these massive debts︀ governments are creating.
what new limiting regulations, taxes will they come up with, so this︁ influences the choice of country
So far bg has been the least restrictive.
What input︂ do you guys have on this?
For sure it's a buyers market as people are︃ selling off their airbnb and holiday homes but is it a good bet to hop︄ in?

 

[tacokai]

I'm nowise not knowing what this is about ?

 

[JackAlabama]

Making the same plans.
Forget about EU, they are︅ ground 0. Especially if your out of it already.
Spain has been very bad and︆ very draconian. (Source: Have / had investment there and also friends.)
I would rate Spain︇ over Italy however. It is easier to handle and less corrupt. Maybe you also find︈ an option to be off-books as foreigner with leasing land from a trusted local or︉ company or smth along the line.
Furthermore, I would just get something cheap you can︊ just walk away from. They sure love to jack up tax of foreigners being found︋ on the books.

 

[kkein]

The problem with what you are looking at is︅ that they are not very appealing properties.
They would have extremely hard time to sell︆ AND to resell.
You would also have extremely hard times to rent them, and if︇ they are rural, maybe also to use them?
If you just need to be out︈ in the middle of nowhere, then maybe sweden? If you aren't locking at stockholm, it︉ should be pretty cheap

 

[kkein]

I'd generally recommend to choose a dynamic market. Afaik neither spain nor⁣ italy are. Northern europe and UK are definitely more dynamic

 

[JackAlabama]

these two are‍ almost communist hellholes. you cannot go without local help. if you figure out the local⁠ help part, it is easy.

 

[Konstanz]

Don't rush. This covid madness will end. It will be very hard to sell these‌ properties in the future.
This covid situation is temporary 1-3 years..~

 

[JackAlabama]

Well, there is more massive sht to come. Civil unrest, maybe hunger, supply chain⁠ breaks, state surveillance etc.
if you can live in such a way, I would go⁤ for it. You can still buy a small flat in a big city like HK⁣ or other and enjoy the party.

 

[Jade33]

well they call this pandemic unprecedented but the new regulations being rolled out are also‌ unprecedented.
The idea would not be to sell in 5-10 years.
But we cannot foresee‍ the coming years, it doesn't look gloomy with fingerprint id, vaccin passport access, trillions of⁠ debt
the money will need to come from somewhere....
perhaps one could be more self⁤ sufficient on land in BG then coastal spain area....
I would regret being stuck in⁣ a foreign country that pulls out draconian measures of control
the new offshore will be⁢ outer space watch it!

 

[JackAlabama]

It looks pretty bad. and the︀ new regulations discussed are just evil madness.
The key is to find that place which︁ does not pull out draconian measures and where you have a small tribe of people︂ to bond with.

 

[kkein]

If you don't want to sell,︀ don't buy a cheap one 😎

 

[Jade33]

why? Having hundred thousands stuck in real estate that you can't flip quickly is‍ a liability.
that's why people stay stuck, in debt. it's all they got and still⁠ own nothing.
abandon a 20k property or a 200k property...
in general circumstances we don't⁤ think this way but when they are out to enforce things you don't agree with....⁣

 

[JackAlabama]

A good point. With a 20k property, you can just go⁣ on a very long vacation until the dust there has settled without looking back.

 

[kkein]

a 20k property is hardly one where you can even live, unless you get it⁠ in the middle of russian nowhere or something..

 

[polonieth]

If you are buying in cash then could be a good move. Getting mortgaged up‌ now is a bad idea.

 

[Lazzersan]

It's very cool to have your own home, especially during the quarantine period. But if‌ you rely on that you will run there during periods of a pandemic or other‍ cases, then you need to take into account that the borders may be closed, and⁠ it is better to consider the site somewhere near your permanent place of residence.

 

[kkein]

Why so? low interests rate,‍ and inflation going to skyrocket really soon.. Sounds like the perfect time to buy property⁠ through loan?

 

[void]

Exactly