‘It’s tangible, it’s solid, it’s beautiful. It’s artistic, from my standpoint, and I just love real estate.’
Many people love property, perhaps because, unlike an investment portfolio, it is tangible and they feel that they understand it. Everyone’s got to have somewhere to live and businesses need premises from which to trade. In this chapter we’ll examine residential investment property, agricultural property and land/woodlands, so you can consider what role, if any, they play in your overall wealth strategy.
In the UK we have an obsession with residential property and for various reasons we seem to think that it represents a type of investment ‘get out of jail’ option. ...