Quote:
Originally Posted by Jensen
UK ended on 17th with 7,50 % .. danish houses in the north and polish in the east have rocketed so you are absolutely correct about buying in the smart areas..
still, doubling their money in 2-10 years is pretty weak if you look at the top of the list (for instance, the house I'm currently living in has tripled in the past 8 years and its not stopping and I live far from down town)
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Doubling your money in 2 years is bloody good if you ask me, if it takes 6/7/8 years then it is not great but still not bad. You also had problems with currency conversions a few years back here. They doubled value in euros/GBP/dollars, but in Hungarian forints they did much better the currency was just not worth as much any more!
Also you have to do what you are comfortable with. I would only invest in property if I knew the market in that region, but now you get people coming over to Bp for the weekend and not leaving until they buy a place, they don't even know the districts, the amenities, etc they just want to buy!
Crazy..
