There are many people considering investing in a property abroad these days. We have an entire generation who consider themselves rich. In a way they are. Property prices in the UK have risen to such an extent that large sums of equity based cash have quite accessible to many home owners.
The UK investor has traditionally gone for bricks and mortar as an assured return on investment. Nowadays the housing bubble has slowed in the UK so people have increasingly looked abroad for such investments. Many countries are currently seeing massive economic growth (such as the newly europeanised E European countries and Morocco) and, hence, offer higher perceived returns than putting your money into the UK market.
I keep hearing about people cancelling their plans to move or buy a new home because of the recession.
I dont understand.
I mean, yes, house prices are dropping at long last but that shouldnt make ‘upgrading’ your abode any harder. Surely the drop in house price involved with your current property will be the same ( if not less due to percentage of property value decrease ) so neither party in the property chain is actually any the worse off.
People say : I cant sell as noone is buying, everyone, it appears, is deciding that now is not a good time to move house.
Generally speaking if noone is doing something then it is a good time for you to do it
That is a philiosophy which is either that of fools or geniuses, or both. I firmly believe however that staying with the crowd during a storm increases the likelihood of a dire lightning strike.
Now is the time for those with cojones to take chances.
Through creative investments and daring industry we can turn the economy around.