Quote:
Originally Posted by andyk2
This is a genuine question, and would be interested to hear (serious) points of view. The basis of a great deal of international property investment over the past decade has been from couples looking for a place in the sun. They dont neccessarily care about falling equity values or sub-prime crises - in fact the people who couldn´t afford a mortgage but got one anyway are the people you don´t really want buying your properties!
As interest rates come down to attempt to divert a full blown recession, that should only encourage the potential first time/holiday purchaser to look into international property investment in greater depth.
Am I totally optimistic or just missing a point?
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That's a question which a lot of people are asking themselves. Time will tell, but my opinion is that some markets (especially ones where the domestic market is continually gaining strength and the middle class is expanding) are still be a safe bet. If those markets also qualify as "a place in the sun" all the better.
Berlin - as we are on the german property forums and not Brazilian - fits the description in another way: Domestic economy seems to be gaining strength, population of Berlin is changing, with the new inhabitants having a higher spending power. Although it's not exactly a "place in the sun" it is a "place in the spotlight" for weekend city breaks - Berlin is a fun city for the young executives intent on partying and a city full of culture and art and business for the rest.