This is my new endeavor. I want to buy something in a country that got hit hard by the last crisis and has not recovered. They have not allowed foreclosures in Greece yet but I see that they are seizing property using other means. So it is shaking out. Anyone have experience there? They have some new building code rules that make any new purchase a nightmare according to what I have read.
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dont forget about Spain...and Detroit ;-) -
Spain is an option for sure. I actually like it and have been there. Greece seems like it is due for some serious pain this year though.Comment
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You r very wrong.Its very expensive to buy property in Greece.Try to search some real estate company and see the pricesComment
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good luck profiting on other's misfortunesComment
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Crimea property no?Русня, идите нахуй!Comment
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Buying in Spain is not cheap either. We do plan to check more when we go in July but Its not looking good.PornGuy skype me pornguy_epic
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I would def look into Northern Italy.Русня, идите нахуй!Comment
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Not sure what to say to that?!? The people of Greece would/should welcome outside investment. But you are saying since they are at a point where few people want to buy, we should all stay away and let them to themselves as it is "better." So not spending my money there helps who? I hurt who by buying stuff there?Comment
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smart move dude.Trying to buy property near the sea will cost you a hole fortuneComment
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Buy property where they're running out of room to expand. Your investment is sure to grow until the next natural disaster.AsiaMoviePass My Best Rebilling SiteComment
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His post applies to greeks as well, I mean greek buyer doing the same thing would be also "profiting from misfortunes".
So basically what he is saying that nobody should buy the properties and let them stay empty for 100 years until it finally breaks into dust
All in all - stupid comment.Comment
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I am currently looking at Portugal....feedback welcomed, Azores to be more specific.Comment
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Got friends from Greece and usually go there a few times a year. Buying a property would be a very good investment, since everything is cheap. Their economy will recover the sooner or later, and then boooom, the prices will go up again. Trust me on this one
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on uk ch5 write stuff the other day, odly one of the guests was from greece and he said property is cheap. but he also pointed out most people do not buy, but rent.
in spain property was cheap but brits went out and the price shot up.Comment
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you should look up Sicily in Italy also Reggio Calabria...
if you buy online you will get shafted on the price where ever you buy...you need to be there for months and moths and find a local to search for you...
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Why not in Turkey? Great weather, great people and lots of tourism. It's also a great investmentComment
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Unless you have access of historic pricing and become familiar with the area the property is located, I don't see how you would make a wise purchaseComment
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If Portugal is cheapish, id be interested in the silver coast region.....
On the other hand, if its a PURE investment play and you don't have a lot of cash on hand, China's property bubble is bursting right now albeit slowly. In a second/third tier city you can pick up a decent three bed apartment in multi-story block for less than $80k.
Just a year ago, $80k would just about manage 2 bedroom. Im talking about 2nd/3rd tier cities but good ones. Long term you're going to get great returns but you also have to remember that China is on course to be the superpower of the world.
China is on course to be the largest economy in the world so if you measure up, you could bag a winner. Also long term, it is widely anticipated that the yuan will strengthen against the USD - the gains made against the USD could outpace even the gains you make on the property itself.
Not to mention youll have a nice diversification away from home country assets.Last edited by RummyBoy; 05-21-2014, 11:15 AM.Comment
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