The inevitable investment in a property

[Doggy Styles]

Property - probably overvalued at the moment
Gold - possibly the same

Go against the herd.

[PAH]

Anything wrong with buying land and building a house on it for cash or maybe a small mortgage for an already built house?

Use Property Bee to check the price history of properties for sale on Rightmove in the area you're looking to buy.

If like me you see significant drops in the last 6 months or so then it may be tempting to wait it out a bit longer to see if the trend continues, otherwise a property investment may devalue quicker than sterling!

It's also handy for finding distressed sellers (i.e. they've made several big drops in prices over a short period of time) who may be open to low offers.

[gingerjedi]

What like you put £10,000 in and then in a few months, sell and take £20,000 out, and that isn't a direct "benefit"?


Yeah, buy a house, they only ever go up in price and you can sell it at the drop of a hat, and then be homeless too.

I think he means you can't live in a house built with gold bars... or can you?

[DimPrawn]

Sorry the thread title said "investment in property".

If he needs somewhere to live (a home) then sure, go buy one.

If he is thinking of becoming incredibly wealthy through rising UK property prices, well, it might not be a sure thing (outside of Wandsworth of course).

[MarillionFan]

So I have amassed a medium-sized warchest and seeing how the value of all major currencies are being devalued so even my volatile stock investment is earning me less than inflation and my savings ISA is definitely less than inflation. So it seems inevitable that the only sensible place to put your money in is a property.
Anything wrong with buying land and building a house on it for cash or maybe a small mortgage for an already built house?
Honestly it seems like the best proposition out there as one cas at least live there and even if it loses value, it will always be worth something (as opposed to say shares or Internet startups...)

I'm in a position where I really don't want a house but it almost feels like a lesser evil - at least the money's burned and I won't have to worry about managing my portfolio everyday?

How about a building plot?

I have one for sale for £60k which you can stick a house on.

[KentPhilip]

How about a building plot?

I have one for sale for £60k which you can stick a house on.

With planning permission to build?

[MarillionFan]

With planning permission to build?

Yep. And groundworks have already started.

[Freamon]

Where can I get insurance against any sudden devaluing of an investment in gold?

Here:

http://finance.yahoo.com/q/op?s=GLD&m=2012-02