Posted by: Agnibikram February 17, 2011
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If you're looking to buy land, this is the perfect time. A lot of illogical fools have created a notion that if you were to wait for another year or so, the prices of land will go even lower. Guess what? Money ( wealth ) increases, land doesn't.
With over 1,000 Nepalis leaving the country in search of employment to go with over 500,000 NRNs residing all over the world, the price of land isn't gonna go down. Sure, you might've seen that the trend of buying land and real estate has changed in recent months but its only a matter of time before people find some different way of financing.
If you have dough, go for the kill right now, don't wait to invest. If you're looking to borrow money to buy a piece of land in hopes of resaling it sometime later, don't even think about it unless you've got a great source of income.
With over 1,000 Nepalis leaving the country in search of employment to go with over 500,000 NRNs residing all over the world, the price of land isn't gonna go down. Sure, you might've seen that the trend of buying land and real estate has changed in recent months but its only a matter of time before people find some different way of financing.
If you have dough, go for the kill right now, don't wait to invest. If you're looking to borrow money to buy a piece of land in hopes of resaling it sometime later, don't even think about it unless you've got a great source of income.