Quote:
Originally Posted by prezzz
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. (...)
Also, for last several years it was pretty easy to find stock funds that would give you more than 20+ percent of yearly interest. Even if you'd split your money between several different funds, you could still get 12-14 percent a year. It might be not that easy to achieve on the real estate market in the nearest future.
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thanks for the opinion, the stockmarket requires some knowledge though or IMO theres more risk involved
and in real estate, when you buy 2 apartments, then you kinda decide to keep them for a quite long time ( at least this would be my goal, I wouldnt intend to sell them 3 years later ) and well, you rent them out and have some income and they also constantly increase in value ( well, thats the goal, but im not 100% sure about that )
till now i have been rather investing in adult domains ( thats also one of the reasons I have been truly losing sleep because of .xxx :( ) but diversification is always good and you cant deny that real estate in Poland has been quite good recently and many experts predict that it will be good for many years to come....
the thing is Im not entirely convinced it will be the case
also I'd be probably too lazy to deal with the tenants
if you invest into 10 apartments, you can hire someone to do it
if you have 1 or 2, its kinda pointless
Quote:
Originally Posted by JohanTheGreat
Ofcourse it will increase, polandīs economy is growing rapidly...
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rapidly, well that can be discussed
yes, the GDP is growing nice recently, but on the other hand in Poland there's now the worst government since 16 years ( ultra-catholic, nationalistic etc ), infrastructure is poor ( no highways etc), there's corruption, huge unemployment, weather sucks, etc
so Poland will never be a location as good as f.e France
and the current real estate boom is connected with very huge demand ( including also speculation from both domestic and foreign investors ) and very small supply of new apartments
I have read f.e that in some countries the real estate didnt really increase much after they joined the EU
anyway, I dont expect any polish experts here, its an adult board not real estate board
if anything, im interested in more opinions of people from other european countries about their real esate market :thumbsup