the thing in eastern europe is that rents did not increase (as income did not increase and people would not manage to rent) but property prices are up by 60% due to propery bubble (joingin EU) and easily available mortgages, a rent for studio flat is $400 and mortgage $550 plus taxes, insurance, maintenance, etc,
would u still buy a property assuming people say property prices will further increase by 30-40%, in coming years, knowing that rent will cover roughly only 50% of your mortgage and other expenses ?
2006-08-21
23:14:46
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7 answers
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asked by
zapytanko1
1
in
Investing