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Retirement apartment

Do you recomend as a investment to buy retirement apartman and rent it

Asked on Jul 7 2014, General in Hove | Report content

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  • Hello Simba, No, I would not recommend an age-restricted property as investment. They are very difficult to sell and the service charges are quite high, hence why they sell very cheaply. If you are looking to invest in property, I recommend companies like Keystone Invest that deal in BMV (Below Market Value) properties, meaning you can purchase properties with instant equity. I believe they sell properties at 20% to 30% below homes valuation. Hope that helps.

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    Answered on Jul 10 2014, Report content

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