Bricks and Mortar Speak Volumes In Volatile Times

By admin | October 10, 2008

It’s no good pretending that the closing months of 2008 are the best on record. The FTSE has just fallen below the 4,000 mark for the first time in five years and the markets across the globe are in virtual freefall. Yet history shows that every crisis brings with it opportunities and there is a very appropriate old saying:

“When the wind blows, some batten down the hatches and some build windmills.”

If you have cash, now is the time to invest in bricks and mortar. Serious vendors are willing to negotiate prices far beyond any ‘loss’ you may envisage due to exchange rate movements. What is worth remembering is that in Italy an existing registered building has real value for development since completely new building permits on clear sites are hard to come by (at least in the areas most sough-after by foreign investors). If you don’t want excessive running costs at the moment, buy a ruin with development potential and sit on it. No one can seriously argue that it’s safer to keep your money in the bank! And when the recovery comes, as it surely will, you will see your investment grow.