Well, I'll give you a slightly different perspective, for your consideration.
Written from on board my yacht moored in the Hamble River, feeling a bit like a boat bum after living aboard
for three weeks.
If you want to own real estate in the UK, you will want to buy it right now. Prices are already taking off, and this will only gain speed -- that's because Quantitative Easing put trillions into the world economy, printed money which will cause inflation, especially asset inflation, which means especially house price
inflation, as soon as the "velocity of money" picks up a little, and it seems already to be picking up. So now with record
low interest rates and prior to the coming huge wave of asset price
inflation will later be seen as a historic opportunity, in my opinion. Just beware short interest rate fixes, which could bankrupt you when (not if) interest rates spike up. Pay whatever is necessary to fix the rate for as long as possible, and consider that to be the term of the loan (can you pay it off after the interest rate fix expires?).
OK, but that's only if you want to or need to own property. You already have rental property in London (good move!!!) and maybe that's all the residential real estate you need. Maybe you are happy to just rent? The rental market is very efficient in the UK with very low rents compared to asset values (generally around 2%). If you don't need another house as an investment, if you've got one good asset already, and if you don't mind living in rental property (most Germans do -- it's a cultural thing as much as anything), then this could be a perfectly reasonable solution for you.
Or if living aboard
is the only comfortable path to yacht ownership
, you could give that a shot. I am here to tell you that it is not very comfortable. If you actually take your yacht to sea, then you are forever rigging
for sailing -- it's hard to create really home-like conditions like that. But if you don't take the yacht to sea, what is really the point to having it?
is another consideration. It's quite hard (and probably illegal most places) to live aboard on a mooring
. You have to get back and forth to shore, and you need to contract
shore services somehow (which is more expense). You have to generate power and you have to get water
from time to time (thank God around here you don't have to pump out your sewage at least). But a marina berth on the South Coast will cost you as much as a modest flat. So I think, on the South Coast at least, you might come out even keeping your yacht on a mooring and living in a rented flat, compared to renting
a marina berth, and this will be much more comfortable than living aboard in a marina berth, not to speak of living aboard on a mooring.
Good luck at whatever you decide, and let us know how it turns out!