17
Sep
Investors told to go for property
Property is a much better investment than stocks and shares, it has
been stated.
Young Group property portfolio managers has said in the wake of the
Lehman Brothers collapse that the property market offers far
greater resilience, as property can never see its whole value
vanish suddenly, unlike shares in companies such as Lehman Brothers
and others before it like Northern Rock and Railtrack.
In addition to this, the firm noted that property prices have
declined in only five of the last 55 years, with the 15 per cent
slump in UK property in the early 1990s rebounding with a threefold
increase in values.
Chief executive officer of Young Group Neil Young said: "The
attraction of property investment is not only that it is a tangible
asset, appreciating over the long term, but it is also easy to
comprehend."
Some parts of Britain are still seeing property prices rise.
Figures published yesterday by the Department for Communities and
Local Government showed that Scotland saw a 3.6 per cent increase
in prices in the 12 months to July 2008.
