Friday, January 18, 2008

Stay out of property for at least 6 months

Real estate

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."

Posted by confused76 @ 11:47 PM (526 views)
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One thought on “Stay out of property for at least 6 months

  • European_bear says:

    6 years not 6 months…..

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