[West Hampstead]

A weak pound, the strong Euro, crashing house prices mean we are now in a very good position to sell up and move on. Discuss

[forestfire]

"A weak pound, the strong Euro, crashing house prices mean we are now in a very good position to sell up and move on. Discuss"

If that's true then where are all the buyers???

[West Hampstead]

forestfire, on Jan 6 2009, 05:17 PM, said:

"A weak pound, the strong Euro, crashing house prices mean we are now in a very good position to sell up and move on. Discuss"

If that's true then where are all the buyers???

In France. Be patient, and make sure you live in Kent, and bought in '96.

[forestfire]

What? Is France experiencing a property boom? I hadn't heard about that...

Only an estate agent would be talking up the property market at the moment.

Meanwhile, back in the real world

UK Housing Market Crash and Depression Forecast 2007 to 2012

http://www.marketora...rticle8080.html

[zilly]

West Hampstead, on Jan 6 2009, 02:29 PM, said:

A weak pound, the strong Euro, crashing house prices mean we are now in a very good position to sell up and move on. Discuss

Who's 'we'?

Everyone's in the same boat, globally.

Only the cash-rich are in a position to invest and the reason they got cash-rich is that they didn't/don't invest in assets dropping in value by 2.5% a month. Or if they do, they drive a very hard bargain.

straw - clutch - miss.

[catara]

forestfire, on Jan 6 2009, 05:33 PM, said:

What? Is France experiencing a property boom? I hadn't heard about that...

Only an estate agent would be talking up the property market at the moment.

Meanwhile, back in the real world

UK Housing Market Crash and Depression Forecast 2007 to 2012

http://www.marketora...rticle8080.html

He meant there are plenty of British people in France waiting to sell up in Euros, exchange the Euros in Pounds and buy palaces in UK.

A dreamer.

[Agentimmo]

catara, on Jan 6 2009, 11:30 PM, said:

He meant there are plenty of British people in France waiting to sell up in Euros, exchange the Euros in Pounds and buy palaces in UK.

A dreamer.

Even at parity or just above, selling the 300K euro home with it's 5 beds and 1 acre of land will get you what exactly in Kent ? Assume the returning Englander will have £260K to spend after he takes off tax, removals etc.
Will £260K get you that dream home ?

[Spongebob]

West Hampstead, on Jan 6 2009, 02:29 PM, said:

A weak pound, the strong Euro, crashing house prices mean we are now in a very good position to sell up and move on. Discuss

Id agree but I guess you would say that as you sell UK property!!

I have been buying and selling property in central and eastern Europe for the past 3 years and am now starting to look at the UK. We have to be careful when we say UK property mind! There are hundreds of tired lists been emailed about of distressed properties in distressed locations; I am far from interested in this.

The areas I am looking at are places like Leicester where £3b is being spent on a huge development programme where thousands of jobs will be produced and new homes built.

As for a terraced house in Gateshead at 40% below RICS - No thanks!

[Icantbelieveitsnotbutter]

there are lots of Brits who need to sell and move back, the issue is not price, it is getting any bid for the house at all.

[West Hampstead]

I read it and asked for the discussion, but since then I have read {Price Waterhouse} that Paris is the top overseas property investment destination and that French property prices have not been so affected.
Also in the list are Berlin, Morroco and Slovakia Commercial property.

[Adams06]

Well,

Most people have a dream about where they would like to live. Everybody has a different idea of paradise. The market in UK is now fairly good for the buyer. There are many reasons to invest in this area but that is perhaps one of the best.

It is not hard to see why Europe is such a popular destination for those looking into property investment. The most popular choices, such as Cyprus, Italy and Spain, all enjoy warm climates throughout the year, are significantly cheaper than the UK and offer plenty to do in the form of entertainment.

[forestfire]

Yet another desperate spammer.

Could someone pass the mustard...