Property 'should be part of an investment portfolio'
16/09/09 17:51
Expatriate workers considering buying a home in their host country could benefit from advice suggesting that investing in several types of asset is more likely to guarantee a strong return.
According to Jason Butler, partner at Bloomsbury Financial Planning, the global economic crisis has encouraged people to favour property investments as they "invest in what they understand, rather than what gets them the best return".
His comments echo research from personal finance firm Scottish Widows, which found that 48 per cent of those surveyed believe property investments will retain value during a downturn, compared to 2008's figure of 28 per cent.
Mr Butler advises investors to put their savings in a variety of asset classes because "you don't back one horse".
"If you believe in property, then you have to - by definition - believe in shares, because one doesn't work without the other," he added.
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