Overseas Investment is all the rage these days. When it comes to overseas investment, people tend to purchase property then rent it. While some purchase a property, live in it, and wait till the right time to rent it out.
How much money do you think is enough for this kind of overseas investment? For me, I believe that a minimum of £30,000 is needed to purchase a property. This would include the cost of furniture, utilities, and maintenance, as well as the cost of living in the area you are buying the property in.
I have been working in Manchester for the past three years, and I have noticed that there are some good Manchester property investment opportunities. If you want to find a nice property in Manchester for investment, they tend to be in the outer suburbs, or on the outskirts of the city, and the prices of these properties tend to be higher than those in the city center. It is the same for the rental market. For example, prices of a two-bedroom apartment in the city center can be found for around £400 per week. If you decide to rent a one-bedroom apartment outside the city center, you will pay about £600 per week.
