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The Property Podcast
ASK452: Should I sell up in the south? PLUS: Is it time to cut the rent?
Oct 29, 2024
This week, the hosts tackle a listener's dilemma about possibly selling properties in the South to invest in higher-yielding opportunities in the North. They weigh the costs of capital gains tax against potential returns. Another listener questions whether to lower the rent on a luxury apartment in Manchester due to market saturation, debating the pros and cons of securing immediate tenants versus holding out for a better price. Tune in for some insightful strategies and expert advice!
10:11
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Quick takeaways
- Selling properties in the southeast for northern investments requires evaluating long-term returns against transaction costs like capital gains tax.
- In saturated rental markets like Manchester, landlords must choose between reducing rents for quick occupancy or holding for higher income amidst competition.
Deep dives
Evaluating Property Liquidation
Deciding whether to liquidate properties in the southeast in favor of investing in the north requires careful consideration of opportunity costs and potential returns. While higher yields and capital growth may be appealing in northern markets, the transaction costs involved—including capital gains tax and stamp duty—can significantly impact overall profitability. In most cases, it may not be prudent to sell properties unless one is dealing with consistently poor-performing investments that are causing ongoing issues. An alternative strategy involves utilizing equity from current properties to finance new investments, allowing for portfolio growth without incurring the expenses associated with selling.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode