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Monday, October 29, 2007

Finally, house prices start to fall...

The bane of every young couple, their ability to buy a house to live in without wasting money on the monthly rent, has been getting worse and worse for the past years everywhere in Europe. Luckily, things are starting to change, with a contraction of prices close to 2% in most European states. If it continues that way, may be in a couple of years' time I'll start considering buying one - by that time hopefully we (marie and me)should be more financially stable and able to take advantage of an eventual free fall of prices.

2 comments:

Paolo said...

-2% in, let's say, 10 years... I will start thinking about buying a house in 2067.

Gufo said...

no, it's -2% this year after continuing rises in prices.

prices are bound to come down... except in holland, where there is no space left to build.

als keep in mind that many big, rich-people houses do not find a new owner, so they'll either be split, or brought down (unless listed)