Quote:
Originally Posted by rowlandsbb
When the credit crunch is really just starting to bite, then the best place to buy is in established markets, that clearly includes UK but also Spain and other established EU countries
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Yes, but only if the developer will take a deep 30 - 40% discount to reflect the new times and to get the yield to where it should be.
Paying top money for a muppet Polaris World property with a 2% yield is about as bad an investment as one could make.