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Where would you buy?

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  • 16-03-2008 4:55pm
    #1
    Zambia
    Closed Accounts Posts: 7,333 ✭✭✭


    A statement was made on another thread which I would agree with on the basis of investment purposes.

    The statement was that no-body should buy a house in Ireland for the next 12-18 months.

    However can anyone please name a place in the current Global property market where you would buy a house and expect it to go up in value, in the next 12-18 months?

    If so please give reasons why?


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    #2
    Dors1976
    Registered Users Posts: 170 ✭✭Dors1976


    didn't see the thread but just curious as to why no-one should buy here for the next 12-18 months?


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    #3
    gurramok
    Closed Accounts Posts: 13,992 ✭✭✭✭gurramok


    I'd buy in Poland, Czech Rep or Romania as their economies are booming as they are playing catch up plus they have real industry that manufactures things that are still in demand even if a US recession strikes.
    Dors1976 wrote: »
    didn't see the thread but just curious as to why no-one should buy here for the next 12-18 months?

    Overpriced and falling prices namely a bubble, read all the other threads on this topic.


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    #4
    johnnyskeleton
    Moderators, Entertainment Moderators, Politics Moderators Posts: 14,505 Mod ✭✭✭✭johnnyskeleton


    Zambia232 wrote: »
    A statement was made on another thread which I would agree with on the basis of investment purposes.

    The statement was that no-body should buy a house in Ireland for the next 12-18 months.

    However can anyone please name a place in the current Global property market where you would buy a house and expect it to go up in value, in the next 12-18 months?

    If so please give reasons why?

    I'd buy in Ireland, but to be honest they would have to slash current prices by half for me to consider it.


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    #5
    gordon_gekko
    Closed Accounts Posts: 412 ✭✭gordon_gekko


    gurramok wrote: »
    I'd buy in Poland, Czech Rep or Romania as their economies are booming as they are playing catch up plus they have real industry that manufactures things that are still in demand even if a US recession strikes.



    Overpriced and falling prices namely a bubble, read all the other threads on this topic.


    none of those economies are booming , there just growing at a resonable pace , nothing like ours did in the nineties , besides the populations in those countries are shrinking not growing


    the place to buy property right now is in the uk but its not bricks and mortar i would buy
    its farmland


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    #6
    SimpleSam06
    Closed Accounts Posts: 4,048 ✭✭✭SimpleSam06


    Would you not consider investing in a domestic business instead, rather than continually pinning money on property? There are a lot of new companies out there that could use an influx of capital, and you have one hell of a lot more control over a local investment than over foreign property. Any business can pull in more in profit than property can if its run halfway decently, and you'd be contributing to the local economy.


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    #7
    LouOB
    Closed Accounts Posts: 1,181 ✭✭✭LouOB


    China/India


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    #8
    SkepticOne
    Closed Accounts Posts: 6,718 ✭✭✭SkepticOne


    Zambia232 wrote: »
    However can anyone please name a place in the current Global property market where you would buy a house and expect it to go up in value, in the next 12-18 months?

    If so please give reasons why?
    I think the question that should be asked is where gives good rental yields? What market has properties that are good value to the investor. Avoid "guaranteed rental" deals though.


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    #9
    Zambia
    Closed Accounts Posts: 7,333 ✭✭✭Zambia


    Hmm all good answers (By the way have no intention of investing anywhere at present)

    Heres the thing China/India I like the Idea of but without good local legal advice you could end up simply losing your investment. I have heard some good returns there.

    I also agree east european countries economy's are rising. A lot of Irish have already brought in Bulgaria, Estonia etc .


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