Pain in Spain and across Europe article

I was curious about 'bargains' to be had in Spain but, like USA, seems like there may be years to go yet before house prices rebound !

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Does anyone know which parts of Europe are actually rising??
Maybe it will be time soon for ECB to start decreasing rates, though - as a positive (for those with tracker mortgages).

I don't think that anywhere in Europe could be classified as a broadly rising market at the moment. Speculation in so many markets has been latterly fueled by easy access to credit that, once said access has been withdrawn, things have stalled.

What is important now is to be (a) liquid and (b) to seek out opportunities which are under-valued when viewed against background prices.

Hungary will be the first to rebound, it is why I invested there since the property prices were one of the lowest in the EU, and it was obvious that a property crash was coming in the UK and elsewhere ..... it was just too risky to invest elsewhere.

It makes me laugh to think that at the time of my investment people told me Hungary was too risky a place to invest in! But in reality it was the best places to invest partly because of the likely rise in the Hungarian florint vs all other currencies but also because Hungary was just about the ONLY place where there was NO property bubble.

As the world economy realise that Hungary is somewhat insulated from this credit crunch and will recover first, a wall of money will pour into the country as investors seek better returns and a safe haven from the storm outside of Hungary. It is one of the reasons why Hungary will boom 2009 -2014.

That's some crystal ball you have access to....

It is a talent I have .... not seeing the future in the supernatural way but rather seeing the bigger picture in terms of global economic cycles.

BudaRich said:

Hungary was just about the ONLY place where there was NO property bubble.

..

a wall of money will pour into the country as investors seek better returns and a safe haven from the storm outside of Hungary. It is one of the reasons why Hungary will boom 2009 -2014.

Click to expand...

So no bubble, yet?

Germany has also been somewhat insulated from the whole 'credit crunch' owing to the relatively low personal debt (many stores don't even take credit cards, including the likes of IKEA!) and low uptake of mortgages and if people ever buy a house, it'll usually be their last.

Most sectors of the Romanian market are very flat at present, particularly larger plots of land zoned residential. I've got a number of my own sites for sale at the moment and potential clients are few and far between. The sale of commercial units is likewise flat but the rental market is strong enough.

Farmland is still surging ahead driven by higher commodities prices and increasing subsidies from the EU.