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Selling Property at a Loss to Finance New Life Abroad
Would you consider selling your UK property at a loss to finance your new life abroad? Many expats already have, but just how much of a financial sacrifice is sensible to enable you to move abroad?
Published in: Featured Property Abroad - Mon, July 11, 2011
How much would you be willing to sacrifice in order to finance your new life abroad? A fascinating thread on the BritishExpats.com forum informed us about what Britons are willing to do to enable their dream of a new life overseas.
The forum thread in question is related to living in Canada, and the original post is all about how much fellow forum members potentially lost on property sales in the UK in order to fund their new life abroad.
There’s a discussion about whether you can really say you ‘lost’ money when it’s only accrued equity, but the bottom line is that most members were comfortable with any losses, (real or perceived), because ultimately they were living their dream life in Canada as a result of selling up in Britain. So, would you sell your property in the UK at a loss to finance your new life abroad? It’s an interesting question. Let’s look at the arguments for and against cutting your losses to enable a new chapter in life.
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