I think thats the key thing cheaper or more value for money many of the condo/house new bulids dont look good value.Originally Posted by fred
Buliding your own getting value for money im sure your be fine Mr Fred.
But buying into a large off plan development sounds a touch risky at the moment. Luxury flats etc.
People thought that was the big idea here in the UK but once people get decent amounts of money together they want a place with a garden near open spaces, room to extend or whatever floats their boat etc.
Lots of spare luxury flats studio,one bed,two bed we can ship over to phill if there is a market for them. Just because people want a place doesn't mean they will want or be able to afford the bulid.
If a estate is not full after x amount of years what do phill developers do? Dump them on the market, rent them out at a low price or leave them empty? None of those options are particulalry a favourable situation if you wanna be a land lord in the block.
If they dump them on the market people will prehaps decide to buy, if they rent out cheaply you have to compete also if they leave empty guess who has to pay more service charge?
US pensioners more than anyone at the moment will be well aware of getting value for money for propety after the craziness in the last 5 years or whatever. Also how many of them will wanna live in central manila?
Also if the propety is not complete for 5 years will deflation or inflation havebeen at work? When do you have to pay?
Like Fred says bulid your own places to your spec so you can rent out asap. The money you have held in deposit is not earning you any money.
