Fettucini
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- Joined
- Jul 27, 2008
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Wondering what people think will happen to property prices in the coming years and if you think it's a good time to buy now.
I'm thinking it could be a good time to buy as the economy looks like it could get a lot stronger in the next few years with the current government, now they're finally attracting investment for some of the unexplored potential of the country. Plus inflation seems to be going down as planned (although the recession i'm sure has something to do with this).
I assume the strengthening economy will start to bring cheaper credit for locals buying property, adding to the upward trend on prices in the coming years..
The negative thing though is the cost of sending money into the country which is very high right now, about 5% ! About the highest i've seen it in the last ten years.
I'm thinking it could be a good time to buy as the economy looks like it could get a lot stronger in the next few years with the current government, now they're finally attracting investment for some of the unexplored potential of the country. Plus inflation seems to be going down as planned (although the recession i'm sure has something to do with this).
I assume the strengthening economy will start to bring cheaper credit for locals buying property, adding to the upward trend on prices in the coming years..
The negative thing though is the cost of sending money into the country which is very high right now, about 5% ! About the highest i've seen it in the last ten years.