I agree with Veronica's caution. Before moving abroad (especially if you don't understand the language) you need to make sure you understand any property laws and regulations you will be dealing with. Make sure you do your research thoroughly. Unfortunately, you are going to have to trust...
It depends on which country you are looking to buy in and the likelihood of getting the credit you need. Prices have been falling so there are some good deals out there. In the UK, though (where I am),prices have fallen only slightly so it is really no better to buy now than three years ago. In...
Just read that article and makes a lot of sense. I've never really understood why home owners have always thought it so bad if prices go down. If they're not planning on moving it doesn't make any difference and they are upgrading it should be better for them.
ONLY 20% over 3 years? That amount over 3 years is a HUGE increase. For a property that is 1,000 euros a month now it would be an extra 2,400 euros a year in just 3 years with that rise. I'm assuming rents rarely actually increase by that amount.
I don't think the floods will stop people buying in the flooded areas through fear of the same thing happening again. Look at the US, where people live in earthquake areas knowing one's going to come eventually.
Obviously damaged homes won't sell as well, but once repaired they should.
No wonder landlords are optimistic. It's very difficult for many to get a mortgage, meaning more people looking to the rental market. This means more competitiveness when it comes to looking for a rented profits, therefore driving up the prices.
So not only are landlords finding they can let...
Well, at least it's a starting points. Still a lot of people being priced out the market though. Slightly lower prices than a few years ago, but much harder to get a mortgage. Kind of ironic that it was easier to buy a home when prices were higher.
Its more good news than doing nothing but there are a few problems.
This is only going to last a year. So if this is supposed to encourage new building I don't know how this is going to work. It takes more than a year for property developers to buy land, get planning permission, build homes...
If possible try to get a conveyancing solicitor who either charges a set fee or a percentage of the worth of the property. This is preferable to one who charges an hourly rate as you'll know how much you'll be paying, and not get an unexpectedly high bill at the end of it.
AFFORDABLE housing needs to be built all over the UK. The problem is that developer's/the government's idea of affordable isn't the same as people who actually want to buy.
We hear a lot about falling prices but if you ask me, they haven't actually fallen that much. The economic situation over the last couple of years have made it no easier for people to buy (in fact harder due to the likelihood of getting a mortgage).
No surprise considering property prices these days (despite a recession). Particularly a problem for retired people as their pensions won't be as much as they were earning prior to retirement. In the old days people could expect to have paid their mortgage off before they retire, this is no...
I wouldn't have thought Singapore and Shanghai would be the best places investment wise. Across Asia, and in China in particular, there will be a lot of development over the next 10 years (similar to Shanghai and other areas over the last 10 years). These relatively untouched areas would be a...
Wow, didn't realise things had dropped that much in the US. Here, in the UK something that was $190,000 would still probably be about $170,000 or more.
Agree with the other poster that said this is not true. Why would now be a bad time to buy for a first time buyer? Prices are lower (though not that low) and will rise. It's the best time to buy for 10 years.