Economic Downturn (Posted 8-3-2012)

Last night Julie and I stopped by our neighborhood realtor to see if the economic downturn has had an impact on apartment prices. The difference was amazing! Just three months ago the average cost of a 3 bedroom 2 bathroom apartment in our neighborhood was around 250,000 euros. Now the same places are priced at around 180,000-190,000 euros! Let’s just say we’re thankful we didn’t seriously consider buying.

I’m also thankful we didn’t sign a two or three year contract to rent. Prices for renting apartments just like ours have also gone down at least 15% in the same amount of time. I’m curious what the prices will look like in 10 months.

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