By John Baeyens | Share This 
It's in every newspaper and magazine these days: Global Property Guide published the overview of 2008 and basically everywhere the real estate prices are sinking. Only Latin America seems to be a safe have these days. Although I would be very, very reluctant to by property in Panama these days. I spent a year in Panama in 2002 and scouted the market. Still one of my favorite places on the world for living, but prices have become way too inflated since 2002 to deserve the "buy" label today.
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You know its odd they say that I guess considering inflation, but I have had my eye on UK property and here in Kenya, and it just doesn't seem to be dropping despite what they say. Perhaps I am crazy naive but people still need a roof over their heads, population is growing, people migrating to cities. I'll prefer to believe that it won't be that great a loss and still a safer bet than shares, stone mortar for me a roof over your head to weather the storm.Guess value added makes a big difference so spend the storm adding value gently and as best you can.
Posted 16 years ago