spiritus
27 Aug 2007
Real Estate / The current property boom in Poland is a bubble [342]
Totally agree with Bubba on this one.
In any booming property market all you have to do is buy a property, sit on your arse, and sell at a decent profit later on. The more astute will make a healthier profit but at this stage of a boom EVERYONE will make a bit of money.
As the market matures it becomes harder to make money but not impossible. It's about this time that most people get a little spooked as they see capital appreciation and rental yields are not as great as when the boom was at it's apex.
This is the time when serious investors earn their money by doing lots of spade work in trying to find properties and sites with potential. I think Poland is fast approaching this stage.
Deise, Poznan is not a bad choice actually :)
Totally agree with Bubba on this one.
In any booming property market all you have to do is buy a property, sit on your arse, and sell at a decent profit later on. The more astute will make a healthier profit but at this stage of a boom EVERYONE will make a bit of money.
As the market matures it becomes harder to make money but not impossible. It's about this time that most people get a little spooked as they see capital appreciation and rental yields are not as great as when the boom was at it's apex.
This is the time when serious investors earn their money by doing lots of spade work in trying to find properties and sites with potential. I think Poland is fast approaching this stage.
Deise, Poznan is not a bad choice actually :)