Alright guys, I have a question that maybe someone working in a Real Estate group or with any educated knowledge (no bullshit speculation please) can answer for me.
What do you think of the current housing market? Is buying a flat for +1million stirling at this point a wise investment? Can I see medium-long term returns? On the one hand it seems crazy that the market could climb any higher, on the other if I rent a place and find that property is worth twice as much in two years I might feel like a fool. So, any of you guys seen any specific forecasts for the next 5-10 years? Of course, long term ownership is nice, but if I can live there for two years and flip it three or five years later at a profit, that would be nice as well).
This is a serious question, I'm not talking about getting a mortgage or anything, simply cash for a flat/house now (quality over size..think south ken/mayfair) and getting a place that will maintain value or even rise. What do you think?
Minus expedita quas fugiat laudantium. In placeat fugit distinctio ducimus facere ipsa. Optio et voluptate eligendi eaque inventore.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...