VaFunkoolo
17 Jan 2009
Real Estate / Real Estate hits a new low in Poland [86]
As I was saying, better deals to be had at the end of 2007 when the $ was a lot weaker.
Properties are at bargain basement prices but the GBP doesn't go nearly as far - $100,000 house would have cost me about 50,000GBP end of 2007 - same thing now costs closer to 75,000GBP.
For example, the cost of the property would have had to have dropped close to 40% in the last year for it to be any way near the same sort of proposition. The properties I was looking at haven't seen drops as large as this. In fact some of them has risen in value
but I think the best place to invest is in property is in the US.
As I was saying, better deals to be had at the end of 2007 when the $ was a lot weaker.
Properties are at bargain basement prices but the GBP doesn't go nearly as far - $100,000 house would have cost me about 50,000GBP end of 2007 - same thing now costs closer to 75,000GBP.
For example, the cost of the property would have had to have dropped close to 40% in the last year for it to be any way near the same sort of proposition. The properties I was looking at haven't seen drops as large as this. In fact some of them has risen in value