Quote:
Originally Posted by moe sizlak
all very good points , another one i would like to add is that right now , property cannot be given away in budapest , the economy is on its backside and many irish investors including muggins here deeply regret ever going near the place , the only thing driving property prices in budapest were irish people who trying to keep up with the jones , bought an overseas property with money borrowed off the back of there own house which they assumed would continue to appreciate indeffinatley
well we know what happend there so there are now zero reasons for property in hungary to rise ,contarry to popular belief , they wont joint the euro currency for nearly another decade
avoid like the plague
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Can I ask why Irish investors in particular? were they selling Budapest heavily in Ireland or something?