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Old 20-07-08, 13:54
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I think also, you have to look at the 'alternatives' as far as investments are concerned at the moment, we bought ours almost 6 years ago as an alternative to increasing our pension contributions.

We do not rent our apartment out but our investment has increased by more than any contributions to our pensions schemes would have.

However, 6% (pa) in a high interest account whilst the property market in in decline over the next 2 years has to be an attractive alternative. Make 6% for 2 years and then buy the property when the market has dropped by 10%-20%, giving you a net saving of around 22% - 32% without having to haggle.
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