Author: Yuri Brixenmortar
Don't be fooled by current media throwaway terms like "housing bubble" and "real estate slump" - the truth is, European property is still the most reliable long-term investment for your savings or retirement fund. A recent survey by the Association of British Insurers further underlined this fact - asked which investment they would consider the safest and most promising, property came out on top amongst the 2608 working-age respondents surveyed from all over Great Britain. Beating out shares, savings accounts and national savings products among other options, the survey proved property is still most people's go-to strategy when it comes to safe investing. ABI's Acting Director of Life and Savings, Helen White, agreed. "Despite a fall from favour, property is still seen by many as being their retirement nest egg."
Indeed, despite the many short-term booms and busts which, similarly to the share market, might cause a temporary dip in value, when taking a long term view it's rare that property investments don't yield fruit. Even allowing for inflation, the average person who invested in a property in the UK 25 years ago would have doubled their money with change to spare if they put that house on the market last year. Similarly, French property values have grown at an average of 10% year on year over the same period.
Of course, there are a lot of different options when you're talking investment. There's the safe option of buying somewhere you yourself want to live either now or in future, with the aim of paying off the mortgage and having an obligation-free home by the time you say goodbye to the working life. For those with more wealth to move around, there are also the options of a buy-to-let or commercial premises - for these, you'll be thinking less about the desirability of the neighbourhood and more about solid figures in terms of occupancy and rental yield.
Article Source: http://www.articlesbase.com/investing-articles/property-still-the-investors-choice-4115892.html
About the Author
Yuri Brixenmortar is the author of Eurobrix Blog. He loves real estate so when the guys at http://www.eurobrix.com asked him to join the team and help promote European property and real estate around the world, he couldn't say no. He finds it interesting to look at other peoples' houses, apartments and castles.
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