View Full Version : Overseas Property Investment
bookworm
10th November 2008, 11:22 AM
:eek: :eek:
Now that global market into correction. Anyone have any idea, is it good time to buy property in England, Australia and Japan ?
:eek: :eek:
Passionate
12th November 2008, 05:07 PM
Well at this time, if you are a short term investor how do you see the market in the next 3 months. If it is down, which looks more likely. It may be more prudent to wait.
Generally, property prices laggs behind the stock market and a sustained or consistent movement upwards in the stock market would indicate a less risky purchase in the property sector.
However, Australia may be an area to look at as the weakened A$ offers a somewhat 20-30% discount off the purchase price.
Even with all that being said, the property market looks soft. My guess - don't be in too much of a hurry - look out for the tell tale signs of a more positive economy.
happylalapo
12th November 2008, 09:21 PM
Cannot agree more to Passionate.
The market is gloomy, the laggs time from what I understand is as long as 6 months.
I think better to stay clear off property for the time being as property is not liquid.
Whereas I think best time to look into buying some shares.
bookworm
12th November 2008, 09:40 PM
Well at this time, if you are a short term investor how do you see the market in the next 3 months. If it is down, which looks more likely. It may be more prudent to wait.
Generally, property prices laggs behind the stock market and a sustained or consistent movement upwards in the stock market would indicate a less risky purchase in the property sector.
However, Australia may be an area to look at as the weakened A$ offers a somewhat 20-30% discount off the purchase price.
Even with all that being said, the property market looks soft. My guess - don't be in too much of a hurry - look out for the tell tale signs of a more positive economy.
:eek: :eek:
Checking the Australia Market now, have a friend staying there who is keeping a lookout for me, he thinks better wait for next year.
The exchange rate is certainly a factor to consider, thanks for highlighting that Passionate.
:eek: :eek:
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