Quote:
Originally Posted by bhc
Having lived in France for almost 20 years and been involved in buying and selling here and the US.
Cannes is a great investment, but the rent will not cover the mortgage.
Prices will never crash there Im in Limousin where prices have rocketed in the last five years. They are coming down but nothing like the US.
If you have a good deposit Cannes is a good investment its always busy and there is a good demand for rental property.
I dont sell in Cannes thats a euro you owe me Mr Goldberg.
Who goes for a holiday to Romania you might have .000001% of the Romanian popualtion that could rent a property above the poverty line.
I think there is more Romanians in France and the UK than there is in Romania.
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Good grief are you really so naive to think that investment properties are based upon tourism. This is the reason so many people will now get fleeced because they thing Dream Over Seas Properties represent investment.
Holiday properties have to be bottom of the pecking order in any investment portfolio.
As for Romania, study the demographics, retail revenue was 4 times the Eu average in the 1st quarter of 08.
Good grief I really cannot believe you can be so naive when it comes to investment.
David Howe LLB. LLM
INVESTMENT ROMANIA - Investment in Romanaia, Property management, Due diligence, Renting in Romania