herzmeister (OP)
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September 19, 2013, 02:22:53 PM |
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So... is there any country left without a real estate bubble?
Planning to buy some property to live on but I'm not sure if I should do this in my own country (Germany).
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countryfree
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Your country may be your worst enemy
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September 19, 2013, 06:12:00 PM |
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There are plenty of them! It's actually part of my job to pinpoint them. But you have to consider what you want to do with your money. Do you just want to buy a nice place to live, or do you want to make an investment with the reasonable expectation that you will make a profit when you will want to sell?
There's not much of real estate a bubble in Germany. Save for Munich and Frankfurt, I regard most of that country as affordable and steady, in complete opposition to wild places like London or Monaco. Romania is even steadier, many cheap houses in the countryside, but would you like it?
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I used to be a citizen and a taxpayer. Those days are long gone.
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EvilPanda
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September 19, 2013, 06:18:57 PM |
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In Poland land is dirt cheap because of the large emigration and unemployment. I heard a lot of germans buy properties here, especially on the coast, to use as summer residences.
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desired_username
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September 19, 2013, 08:38:38 PM
Last edit: September 19, 2013, 10:05:25 PM by desired_username |
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Check out Hungary too. Dirt cheap properties country wide. The capital has the most to offer for investors but you can always find some gems especially on the west side of the country.
Romania is a good bet too.
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Buffer Overflow
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September 20, 2013, 12:54:52 PM |
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Land and properties are dirt cheap in Chernobyl.
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niothor
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September 20, 2013, 02:02:16 PM |
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Check out Hungary too. Dirt cheap properties country wide. The capital has the most to offer for investors but you can always find some gems especially on the west side of the country.
Romania is a good bet too.
Are you joking ? |
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BombaUcigasa
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September 20, 2013, 09:05:31 PM |
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Romania is a good bet too.
Not really, we had ours in 2008, better luck in 50 years! |
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Pumpkin
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September 20, 2013, 10:06:35 PM |
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When you say real estate is cheap do you measure that against 2008 bubble or against historical prices? Real estate is very expensive compared to historical prices (measured in average income) all around the world. Blame fiat currency!
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EvilPanda
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September 21, 2013, 02:51:54 PM |
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The autor said he's from Germany so if you consider their prices eastern Europe can be called cheap. As for me, I tend to compare prices to the average salary. If you can buy a piece of land for the price of a decent PC or a 2 months salary it's dirt cheap  |
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murraypaul
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September 21, 2013, 03:15:13 PM |
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When you say real estate is cheap do you measure that against 2008 bubble or against historical prices? Real estate is very expensive compared to historical prices (measured in average income) all around the world. Blame fiat currency!
Blame the fact that world population is increasing, and world land size is not. |
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countryfree
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Your country may be your worst enemy
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September 23, 2013, 10:38:51 PM |
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When you say real estate is cheap do you measure that against 2008 bubble or against historical prices? Real estate is very expensive compared to historical prices (measured in average income) all around the world. Blame fiat currency!
Blame the fact that world population is increasing, and world land size is not. You should move to Russia, its population is decreasing. |
I used to be a citizen and a taxpayer. Those days are long gone.
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Endgame
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September 24, 2013, 12:09:55 PM |
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There is some nice waterfront places going for cheap at fukushima.
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xxjs
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September 24, 2013, 01:07:12 PM |
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I suppose you need a country where a bubble has recently burts. Check out Spain.
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niothor
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September 24, 2013, 01:38:47 PM |
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There is some nice waterfront places going for cheap at fukushima.
And for a countryside residence with magical pink wild boars and three legged rabbits I suggest Chernobyl. |
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gica_contra
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September 24, 2013, 04:42:26 PM |
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damn it, the first rule of pink boars is that you don't talk about them. thanks for ruining it for the rest of us...
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Keldel
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September 24, 2013, 08:48:01 PM |
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I suppose you need a country where a bubble has recently burts. Check out Spain.
Are you sure the bubble in Spain has already burst? If so, why are the insolvent banks still there? |
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Buffer Overflow
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September 24, 2013, 08:51:40 PM |
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I suppose you need a country where a bubble has recently burts. Check out Spain.
Are you sure the bubble in Spain has already burst? If so, why are the insolvent banks still there? Bailed out. Spain is bankrupt. That's why they didn't get the 2020 olympics. |
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xxjs
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September 24, 2013, 09:14:14 PM |
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I suppose you need a country where a bubble has recently burts. Check out Spain.
Are you sure the bubble in Spain has already burst? If so, why are the insolvent banks still there? The banks have not cleared the losses, which is a huge problem, but the prices are down. |
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01BTC10
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September 27, 2013, 10:13:37 PM |
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Antarctica
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edmundedgar
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September 28, 2013, 02:41:52 AM |
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There is some nice waterfront places going for cheap at fukushima.
Oddly although property across whole of Fukushima prefecture, like the rest of rural Japan, has been on a steady downward slide for the last 20 years as people move to the cities: http://land.color-me.jp/LandMakers/index/7/...if you look at the towns that got part-evacuated the land prices seem to have perked up a touch since the accident. http://land.color-me.jp/LandMakers/City/07212/Maybe jobs and industry related to the clean-up? |
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