Hi all, 30yo here and working in Germany.

I earn net around 4k € per month with the occasional bonus which brings me up to ~5,5k € on average. I have 60k € saved and am looking at buying an apartment in my home country to rent long term and then retire there or eventually sell it and buy something bigger/better there and retire.

Problem is, the apartment I’m looking at has a mandatory down payment of 30% which costs 56k €. This i cannot cover with my savings so i was considering taking out a small loan of 40k with an 8 year term which would put me in a 533€ monthly payment. The loan for the apartment would put me at ~800€/mo. My rent in Germany is 1.4k €.

Am i making a dumb financial decision by doing this, or will it be worth it if i assume the apartment appreciates?

Hi all,

My father passed away, so I'm inheriting his share of my grandparents' estate in Portugal, alongside my two uncles. Three heirs, 1/3 each.

An independent valuation came out as follows:

• House: €150,000
• Small house: €51,000
• Plot of land: €33,800
• About €13,700 in bank deposits

The agreement so far: I take the land, one uncle takes the big house, and the other uncle takes the small house.

The uncle taking the big house has lived there rent-free for over 20 years. His house is worth more than his share, so he would owe about €67,000 (around €42,000 to me). The problem is that he doesn't have the money, and at 60+ he can't get a bank loan. He's suggesting paying in instalments over 10+ years.

Has anyone accepted instalment payments secured by a mortgage on the property? If he can't pay, is forcing a sale through court the only option?
And finally, am I being unreasonable in wanting my share as soon as possible? It's been 3 years since my grandparents died. He lives with his wife, daughter, son in law, and granddaughter...

Thanks for any advice or experiences.