Investment advisers tell you never to put all your eggs in one basket. But there are many good reasons why a homeowner with a bit of spare cash would be wise to consider the residential property market over other forms of investment.
Sunday, May 25th 2003, 3:14PM
by The Landlord
Kieran Trass, a property analyst at Hybrid Property Consulting, prefers residential property investment over commercial property due to a bad experience in the late 1980s. While working in the finance industry, he saw many businesses downsize and move out "to operate from a post office box".
"Worse still, they were placed in receivership, meaning the lease they had in place on their premises became worthless to their landlord!" he says. "This saw many vacant commercial properties and bought financial hardship for many commercial property investors while they had to support a mortgage with no income from their vacant properties."
