Beeny knows best - Week 17

Beeny knows best - Week 17

Week 17 of Beeny Knows Best, where our very own Sarah Beeny takes to the blog to answer your property-related questions.

 
 
We lost a lot of money selling our Spanish place, and we now have 50K both 65 years old. Is renting our only option? - Rosie
There are some beautiful places you can live for far less money, and so if you are not tied in terms of a job you actually have lots of flexibility and could consider some more far flung parts of the UK, or even Europe if you wanted to buy. As a bit of a general rule, the further you get from London, the more affordable.
_________________________________________________________________________________________________________________  
 
I'm considering a career change to property development in the next 18 month. Is it still a viable move financially? - Gary
Development will always be a way of making money, but you need to make sure you buy at the right price. It's actually probably easier in a trickier market as there is less competition. However, this also means that the profits are less assured. If it's really what you want to do then you should go for it regardless of the market, but don't think that it's ever a license to print money as it can be risky whatever the market is doing.
 
 
If you have a question that you'd like Sarah to answer in next week's post, email it across to [email protected] with the subject line 'Beeny knows best'.