Real Estate America Sneezes The World Catches Cold
Beware! Real Estate investors. Reports coming in from all over the world indicate property prices have cooled significantly. In the last few months, some countries with large specualtive price increase are actually seeing a slight reversal in prices. Ireland, Spain, most of Europe and even central London (England) are feeling the negative effects.
Check out Moscow’s Real Estate and your guess is as good as mine.
Real Estate Investors all over the world are feeling the blues, or rather, the shortage of green, as in the colour of money, causing a very serious dent in retire early plans for many investors. America Sneezed and the prognosis seems to be a foregone conclusion of something much more serious. The rest of the world has caught a very bad cold or flu like virus.
The recessive price declines of real estate in the US southern sun belt have deeepened and not expected to recover for another 2 years according to some analysts. That scares many people. However, hot spots remain in Sao Paulo, China, Moscow and even India according to Forbes, for the time being. Of course, there are other gems for investing that never go out of style it seems.
Just remember that recessive speculation is not the same as the cost of living. Sometimes, a place like Moscow despite being the most expensive city in the world to live, may actually weather the real estate fallout in the US far better because of the local wealth and the presence of the 74 billionaires in residence. Other holiday destinations like Cypress may just be slowing in large part because of holiday seasons. What ever the reason, do your homework. Do your due diligence.
Heed this heads up, travellers and off-shore investors. Watch the video.
Tags: America Sneezes, Moscow, Real Estate, Real Estate Investors, VIDEO
Posted in Financial Freedom Warning, Real Estate Investment, Real Estate Slowdown World Wide | No Comments »
