Who is crazy enough to buy this kind of Flat?
"Kerrostalo, 164,0m², Kauniaistentie 11 B 21
1 036 350,00€
NCC/valmistuminen huhtikuussa 2009
http://www.oikotie.fi/cache?exit=show_apt&id=1487318
"
-Do they do that in order to inflate their balance sheet so they can borrow more?
-We now that NCC is struggling with rising cost and faltering demand in its home country Sweden and in the Baltics.
-Is it just a financial engineering?
For sure, people with common sense won't invest in this kind of asset.
"Kerrostalo, 164,0m², Kauniaistentie 11 B 21
1 036 350,00€
NCC/valmistuminen huhtikuussa 2009
http://www.oikotie.fi/cache?exit=show_apt&id=1487318
"
-Do they do that in order to inflate their balance sheet so they can borrow more?
-We now that NCC is struggling with rising cost and faltering demand in its home country Sweden and in the Baltics.
-Is it just a financial engineering?
For sure, people with common sense won't invest in this kind of asset.
Vastaukset 3
Vanhimmat
"For sure, people with common sense won't invest in this kind of asset."
See the problem is that we haven't seen much (any) of common sense in finnish real estate market for past three-four years.
Hi mate! Listen, there´s so much money on the market that prices above m1€ don´t matter anymore.
http://www.youtube.com/watch?v=ny_j-bAhq68