Friday, January 18, 2008
Stay out of property for at least 6 months
A collapsing commercial property market is bad news for homeowners. Some buy-to-let housing investors had started buying small commercial premises in recent years, and may now be hit hard. Don't catch a falling knife says the old City adage. Tim Ames, of Cathedral Financial Management, began withdrawing clients from property 12-18 months ago. He said: "We wouldn't recommend an allocation to property for at least another six months."