In the seminars I regularly give on Polish Property one of the most common questions is, "What if property prices crash?".
They do from time to time but my reply is simple, "Where else would you put your money?".
If you want no risk at all put your money in the bank. You will get a low interest rate on your savings but it is one you can rely on.
Anything more than this requires risk. A pension fund may not perform. Stocks and shares may fall through the floor. Property prices might crash. But none of these things happen out of the blue and generally they happen at the same time.
If the global economy goes into melt down everyone is going to have trouble. Banks go to the wall and savings are lost, stocks and shares plummet and real estate values go into freefall.
But if history is anything to go by this is always a short lived affair. All markets rely on confidence and when this returns economies move on and values of stocks, shares and properties rise once again.
The question is not "Should I invest in Property?" but "Am I prepared to take a risk?". If the answer is no spread your savings across several bank accounts but don't get jealous when those who were prepared to take an educated gamble make profitable returns.
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