17 Sep

Investors told to go for property

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.
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