Question:

Most people seem to emphasis position, position, position. Should I buy prime residential property?

by Guest729  |  11 years ago

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Most people seem to emphasis position, position, position. Should I buy prime residential property?

 Tags: buy, emphasis, people, position, prime, property, residential

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  1. Guest729

     Property in prime locations does experience strong capital growth, perhaps slightly higher than normal, however the real return cannot be measured by the growth alone. There is not much point in purchasing a property one street back from the main shops if you have borrowed money using a principal and interest loan over 10 years with an interest rate of 18% and the property is so run down that nobody wants to rent it. I believe that property that is well-located, properly financed and properly managed will outperform property selected on the basis of position alone.

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