quote:

Originally posted by Truepioneer That would be good news.

well not fo reveryone.
In sweden the system is formed so that you gain more by having a bankloan (of reasonable size of course) but when it goes up it means the living standard for the people with loans obviously will go down.

___________________

quote:

Originally posted by davedresden i suggest getting the gabriel & dresden prog-a-minute. in 3 easy steps you too could change the face of dance music. batteries not included. - dave

Well good news strictly in the sense of buying property anyways.

Here in Canada banks have been cutting interest rates for awhile. Our overall cost of living is pretty reasonable compared to other countries but housing costs have definetly made a sharp increase. The rise in property value seems to be quite a global trend.

___________________
"Be the change you wish to see in the world"

thanx for putting this post up for me frank
Any more info would be interesting to read, im thinking about buying a flat in one of the major towns in sweden, however i heard something about if you buy a flat you still need to pay monthly rates on it which can be quite high, just wondered if anyone knew if this was true on all apartments in sweden or just on 'bostadstratt. In the UK we have what is known as ground rent but its only about £150 per year for an apartment.
Also for anyone not living in the UK, in London esp houseprices here are a joke! its at least 150k just for a 1 bed apartment in london which even with a large deposit seems impossible at the moment. What im looking at doing is buying somewhere in a different country with the deposit I have, then in a few years when that would have gone up, then sell up & hopefully by then would have enough to afford somewhere over here, whereas just by leaving it in a bank account its going no-where really at the moment.

Buy in Motala i hear that place is wicked

I think the prospective buyer is female

___________________

quote:

Originally posted by bunnykins thanx for putting this post up for me frank Any more info would be interesting to read, im thinking about buying a flat in one of the major towns in sweden, however i heard something about if you buy a flat you still need to pay monthly rates on it which can be quite high, just wondered if anyone knew if this was true on all apartments in sweden or just on 'bostadstratt. In the UK we have what is known as ground rent but its only about £150 per year for an apartment. Also for anyone not living in the UK, in London esp houseprices here are a joke! its at least 150k just for a 1 bed apartment in london which even with a large deposit seems impossible at the moment. What im looking at doing is buying somewhere in a different country with the deposit I have, then in a few years when that would have gone up, then sell up & hopefully by then would have enough to afford somewhere over here, whereas just by leaving it in a bank account its going no-where really at the moment.

Well, I think it would be hard to find an apartment that is not a "bostadsrätt". Actually I don't think it's possible at all? Anyhow, an idea for you would be to buy a bostadsrätt, then rent it out to someone else in the meantime, hopefully it could cover all your costs then...

quote:

Originally posted by bunnykins however i heard something about if you buy a flat you still need to pay monthly rates on it which can be quite high, just wondered if anyone knew if this was true on all apartments in sweden or just on 'bostadstratt.

When if comes to apartments I don't know if there is anything else than "bostadsrätt" or the kind you rent (and not own at all). "Bostadsrätt" is not actually the same as in the UK where you own your apartment completely. In Sweden there is something called a "bostadsrättsförening" (förening = association), and they are the owner of the house. The people owning the bostadsrätt's are members of the association. The association (most often) have to pay mortgages for the house, and furthermore they pay for heat, water, and such. Hence, there is a monthly fee which the owner of the bostadsrätt has to pay. This fee is something like £300 a month, of course the size of the fee varies with what kind of apartment you have. (If you don't pay this fee you will be left out of the association and lose the apartment.)

___________________
man with no sig