The property ladders are sold out

The British have a word about doing business in real estate:

“to climb the property ladder”

What can I say? I used to live in London. There are no more ladders to climb.

All the ladders are sold out!!

I used to watch all those programs on tele about what should one do to make some R.O.I investing in the British property.

If you ask me it was just cheap marketing. In that time the average price for a house in London and South East it was around 220,000 pounds that is about 300,000 Euros and 430,000 USD.

What ladder were they talking about?

That was another way of protecting their own real estate market, avoiding to let people know that they may be able to climb the property ladder somewhere else, for example in the Eastern European countries.

Very few British had invested in the Eastern European real estate market when the time was right, because all they showed on tele it was the stray dogs, the gypsies and the poverty. They forgot in purpose to show the new residential buildings, the beautiful nature scenery, the cozy condominiums from the mountains and the sea, which were dirt cheap by that time, compared to the Western prices.

Many years after, when they realized that in Eastern Europe are living human beings descending from Homo Sapiens; they rushed to Bulgaria, Romania, Hungary and so on, only to pay infinite more money for a property that could have been bought for peanuts few years ago, and they still made some profit.

So, don’t listen to what they tell you in the news papers on television. If you want to invest in real estate, just do a little research, go to that country, hire a lawyer (a recommended one if possible)

do again some research, ask people who already invested in that foreign country, talk to the locals,

if possible try to look for a bargain(many people are ready to sale cheaper in order to pay other debts), don’t rush.

With a bit of luck and intuition you may call yourself a real estate investor in no time; and believe me, you don’t need the 220,000 Pounds to climb that ladder