Friday, September 9, 2011
House prices are not really a safe investment
ANYBODY interested in the housing market and in trying to preserve their wealth in these uncertain times should take a look at a fascinating new book. Safe as Houses: a Historical Analysis of Property Prices is full of useful facts â€“ and a stark reminder that investing in residential property isnâ€™t as sure a bet as most people believe. Author Neil Monnery has studied house prices over the long term around the world and confirms that â€“ globally â€“ they tend to grow at one per cent above the rate of inflation over very long periods of time.