Wednesday, January 26, 2011
But… but I thought house prices could only go up???
"House price falls and the mortgage drought have led to a steep drop in the number of people who think property is the most reliable long-term investment, research has indicated. The proportion of people who think bricks and mortar is the best home for their cash fell by nearly a third during the final quarter of 2010, according to the Association of British Insurers (ABI). Only 34% of people now rate property as the best long-term investment, down from 49% in September and the lowest level since the ABI first began collecting the figures in September 2008."