Quote Originally Posted by Terpe View Post
IMO condos have a 'life cycle' .......most folks suggest 5 years max to recoup your initial investment
If you are lucky.

The problem i see with flats/condo's is that after 30 to 50 years the building will probably have deteriorated beyond repair. What do you then own?

Buying a house or some land is a much better option, as future generations of your family can still reap the benefits. Land bought in the right area can be a very good investment.