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Old 05-20-2006, 03:20 PM  
prezzz
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Join Date: Jul 2004
Posts: 959
Quote:
Originally Posted by polish_aristocrat
congrats on the deal, which street?
That's a funky stuff. In theory, it's just outside Wroclaw, but practically it's part of the city (southern part of Krzyki Partynice, right next to the horse racing field). Looks like someone drew the city borders while being drunk. Badly. By cheap wine.

Still, it's a very nice area - quiet, lots of trees around, 10 minutes away from the strict center of Wroclaw (maybe twice as much at peak traffic).

Quote:
Originally Posted by polish_aristocrat
and have you thought about buying more than 1 apartment? ( to rent out for 20 years and then sell with 300% profit or so )
Depends on the location. For example, Wroclaw is growing so rapidly that from my knowledge every new building site is visited by investors from UK and Germany, buying the apartments in bulk at a slightly discounted rate. I don't know about other cities, but my wife's uncle just sold his apartment in Warsaw for over twice as much as what he paid 5 years ago.

Will prices keep rising at the same rate for next several years? I'm not sure about it - the way they were climbing up since the year 2000 suggests it might stop at any time. Personally I'd rather invest in stock funds (or some safer ones) - with those your money is way more mobile. You can pull it out within 3 days and IF real estate prices suddenly go down, you'll be stuck with your apartment or selling it at half the price.

Quote:
Originally Posted by polish_aristocrat
I would give you my GFY postcount if you knew the answer to it
That'll be 3600 posts + VAT. Thank you.

Last edited by prezzz; 05-20-2006 at 03:23 PM..
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