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Do it.
My folks bought their first place in France for 200.000Fr. 100.000Fr mortgage on the property. £10k remortgage on their UK home. Place was a wreck once you started looking, cost loads over the years, and had several fundamental flaws.
By the time they sold it they just about broke even so not a sound financial decision. However, it was a wonderful home and great experience. Sometimes it's important to remember home and life is meant for living.
hugo7-
This all sounds like this ad, which I saw last week and can’t stop thinking about.
About £45k for 2.5 acres up in the mountains near Valencia. Beautiful little town and a gateway to amazing mountains riding.
But no water or electricity and the building would have to be torn down and replaced, if that’s even allowed!
But still I dream. Especially as I just got a severance package that would cover a good percentage of it right off the bat.
beseku
I want to buy somewhere cheap by the sea on the granada coast. I saw this. A town I know a little in an area I know pretty well. It is, shall we say, sleepy and rough around the edges. However it is on four absolutely stunning rides, either into the hills or along the quiet coast road, and it’s as cheap as I could find, even then it would be too much for me to take on alone. Anyone with building skills wanna go twosies? It needs some work(!) Maybe the price is negotiable, currently it is 19,000€