There are more than 1500 houses being developed near companies such as Dell... Also near the city center there is another development with more than 1000 houses/apartments which will be built during the next 10 years.
Current prices for a house of 4 rooms / 1700 sq.ft are around 450K. A few miles to the East (Ascot) a similar house costs 525K.
I am worried about investing (to live there) because:
1) It will be difficult to move from there and sell the house without losing money (as for the next 10 years, while developers keep building houses, I will be competing in price with them).
2) There might be over supply and not enough demand.
3) It is not a good area (although there are plans to rejuvenate the city center during the next 10 years)
Thank you in advance for your suggestions.
2007-03-22 01:36:36 · 3 answers · asked by pedsan 1 in Business & Finance ➔ Renting & Real Estate
yes you can
2007-03-22 01:44:03 · answer #1 · answered by Patrick 2 · 0⤊ 1⤋
No, i would not invest in Bracknell (i live v near there) unless you found a house in need of a lot of work and thus you bought at the right price. This is where you will make the most money.
However if you want to make some quick money on property. It has to be Islamabad. Particularly CDA devloped areas. Invest in sector areas.
2007-03-24 23:50:26 · answer #2 · answered by Bo 3 · 0⤊ 0⤋
Right now isn't the best time to buy as an investor, but it is a fine time to buy as an owner.
If you want to live there, I would suggest it, but if you just want to invest, wait a period.
2007-03-24 12:21:42 · answer #3 · answered by Santa Barbara 7 · 0⤊ 0⤋