Safe As Houses…

Estate agents are reporting that some people see buying property a safer bet for their money than keeping it in the bank.

Whilst many people believe that the housing market (in the UK, Spain & elsewhere) will decline even further, they still feel that owning property is safer than saving.

Warren Buffet has said: “Be fearful when others are greedy and greedy when others are fearful.”

And those people with cash to spend are having an impact on the housing market – whilst other people may be having problems getting a mortgage, cash buyers can almost set their own prices. Especially with distressed sellers who need to move quickly.

So, what do you think? Do you have a spare 100k sitting in a risky bank account? Would you consider buying in today’s climate? How long do you think until the housing market bottoms out? When should we buy in Spain?
Add your comments below…

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