Real Estate /
property in Lodz - anyone any experience [102]
I have bought these properties partly because I need somewhere to live because I am there for one week in every four, and partly for long term investment - but I don't have to justify that to anyone.
Good for you. So why are you telling me this?
Regarding the property market in the UK. You are wrong. The market is driven by supply and demand, we have greater demand than supply, driven by more people living by themselves, people living longer, divorces and net influx of people to this country.
So you're saying that the property market is responding naturally to free market rules? Why is it then that most potential housebuyers in England cannot afford a starter home? My brother and his girlfriend both earn a little over minimum wage but they cannot put a deposit down an anything more than a 1- bedroom studio in Hull. Shouldn't the free hand of the market move to allow equal access to the market?
Yes. But in this case the government artificially inflated the market by keeping interest rates low for far too long to encourage property speculation and boost the economy. The laws of supply and demand no longer apply.
And then the ethics of applying the free market to an essential commodity such as housing should be considered...
Mass property acquisitions by French is unheard of and the Russian's - will yes there are some high profile billionaires that have bought here but really I don't think that will effect me.
Well, a property speculator from Saudi told me that so let's agree to disagree ;)
Good luck to your and your woman by the way! Drop me a line if you're around