Can a broken market like Athens really beat established markets like UK/USA/Australia? Let’s find out.
In the UK rents may appear to be high historically but when compared to the prices of buying real estate the numbers rarely stack up.
Investors have for years been buying in London and the south east of England for equity growth. It seemed it would never end.
In Sydney where the Australians missed out on GFC 1 (don’t worry guys you are the new sub prime bomb to set off GFC 2 this year) investors were even more hung ho and bought properties with so called negative gearing – where the monthly interest only payments are up to 2x the actual rental income.