Same situation in Georgia, just on a different price level: Russians are leaving, prices are cratering.
And it's getting worse, with the enormous oversupply (too many new "bad quality" buildings).
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How many of you invest in foreign Real estate and How was your experience good or bad ?
- Thread starter troubled soul
- Start date
And it's getting worse, with the enormous oversupply (too many new "bad quality" buildings).
They cannot do anything in Georgia. It is relatively difficult for them to open and maintain a bank account, to get a residence permit (if they really want one), to find a job and to find a sympathetic landlord.
Many leave for Serbia. They are young and Western-oriented, and the lifestyle in Georgia too boring and too conservative for them.
Serbia offers them more with regards to a new home: they are welcome, they get residency, there are no problems getting a bank account, and prices are lower (for them) than they are in Georgia. The lifestyle in Serbia is much more open-minded, which appeals to younger folks.
Plus, they get naturalized.
Georgia as a country is a shithole. It would be a jail for me to live in Georgia.
They work hard oursite EUSSR. Turning tables every day for your personal well-being.
Generally not a fan of real estate investing. Real estate has relatively high carrying costs in the way of tax and maintenance, imposes some form of physical presence requirement to monitor it, requires a lot of due diligence (do you really understand that local market?), and has a higher barriers to purchase or sale. There are generally better opportunities for return without the drawbacks. My philosophy is to own what properties I need to support my lifestyle and nothing extra, but to treat those purchases as any other investment. Moderate profit while fulfilling my other needs is a W any day of the week.
That said, real estate investing has worked out very well for many people.
And, that is just, like, my opinion, dude.
That said, real estate investing has worked out very well for many people.
And, that is just, like, my opinion, dude.
i can't believe there aren't any lucrative or at least decently promising real estate opportunities anywhere in the world. they must be somewhere.
and what else to buy if I don't want banks to control my funds? banks are scam. also, if everything starts collapsing maybe at least some kinds of real estate will hold well compared to a possible stockmarket crash?
and what else to buy if I don't want banks to control my funds? banks are scam. also, if everything starts collapsing maybe at least some kinds of real estate will hold well compared to a possible stockmarket crash?
No, I’ve sold everything there and I’m no longer doing any real estate business in the EU. It was good until it lasted.
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