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weetabix
Not 'so' Newbie!
Joined: Jun 04, 2008
Posts: 16
Location: LONDON
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ChrisF
Super User!
Joined: Jul 10, 2005
Posts: 757
Location: Veliko Turnovo
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 Posted: Mon Feb 23, 2009 2:25 pm Post subject: |
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I would say definitely the time to BUY. Plenty of houses on the market, and NO buyers around - here, anyway
Chris |
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Pirol
Mega User!
Joined: Dec 13, 2004
Posts: 2343
Location: Northern Alliance
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| Posted: Mon Feb 23, 2009 2:39 pm Post subject: |
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| ChrisF wrote: | | I would say definitely the time to BUY. Plenty of houses on the market, and NO buyers around |
So you think the people who refuse to buy are stupid? But maybe they have good reasons...  You can buy shares of an almost bankrupt British bank as well. Believe it or not: Plenty of shares on the market. 
To hope for an economic turnaround in these days is more than risky. But I would expect it for Britain more than for Bulgaria because of several reasons. We´ll see... |
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ChrisF
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Posts: 757
Location: Veliko Turnovo
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| Posted: Mon Feb 23, 2009 2:46 pm Post subject: |
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No, Pirol, that is NOT what I said. What I said was that it is a buyers' market -plenty of choice and prices will fall because of it . Same as the situation in the UK at the moment - we have had plenty of experience of this, but I appreciate it is a new concept in Bulgaria.
Chris |
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fredatinsch
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Joined: Jul 17, 2008
Posts: 1129
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| Posted: Mon Feb 23, 2009 2:46 pm Post subject: |
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If you had money sitting in UK bank would you leave it there(Lloyds TSB) or bank it in Bulgaria (First Investment)
Fred |
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chappers
Super User!
Joined: Oct 15, 2006
Posts: 334
Location: Gosport
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| Posted: Mon Feb 23, 2009 2:56 pm Post subject: |
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| fredatinsch wrote: | If you had money sitting in UK bank would you leave it there(Lloyds TSB) or bank it in Bulgaria (First Investment)
Fred |
Depends on lots of factors and personal circumstances.
Looking at Foreign exchange - A general rule of thumb for any case like this is 50/50. And depending on your circumstances move 10% either way.
If you read Moneycorp's daily/weekly updates they will pretty much advise this practice every time.
Looking at Banks - is there a safe one anymore? Look at guarenteed limits etc. Also some banks in BG have accounts for GBP, which may be attractive to you?
Either way, as they say 'a nice problem to have'
Good luck |
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Pirol
Mega User!
Joined: Dec 13, 2004
Posts: 2343
Location: Northern Alliance
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| Posted: Mon Feb 23, 2009 3:01 pm Post subject: |
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| ChrisF wrote: | No, Pirol, that is NOT what I said. What I said was that it is a buyers' market -plenty of choice and prices will fall because of it . Same as the situation in the UK at the moment - we have had plenty of experience of this, but I appreciate it is a new concept in Bulgaria.
Chris |
It all depends on the question whether there will be enough buyers after the crisis who are ready to pay more than you would have to pay at the moment. Otherwise prices won´t rise and you sit on your property forever. Of course: if it´s a nice property which you want to use for yourself you don´t have to care. |
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