KGeeson
Property Forum Staff
Forum Partner
Hi Nigel,Not such an easy one to answer as there are so many variables to consider, from not just the country you choose to invest in, but often which part of a city. Liquidity is also a factor that should be considered i.e. can you get your money back out again quickly if you need it? At least with the stock market you can sell it fast. So, on reflection my advice would be to always have a balanced portfolio of investments from risky shares in start ups to blue chip corporations and the same goes for real estate. Have something in a regeneration area and something else that is in the best possible area/street you can afford. Lastly, stick to markets you know and understand. Why take the risk of buying in London when you live in Leeds or investing in high tech stocks if you are a medic?
Happy investing
Nigel K Bell
I totally agree with many of your points. Although property can seem an obvious and safe place to invest, thorough research should never be overlooked! I don't agree that it's necessarily any more of a risk to invest in a different city to where you live though. You can do just as much research through property professionals in a city you don't live in, as where you do live. Plus the location you live in doesn't always lend itself to the best Yield or ROI if house prices are high. I actually think people sometimes miss out on opportunities as they are too wary about investing away from their own immediate geographic location, and that doesn't always make financial sense.
But in terms of a pension - property is excellent if you get it right