How many times have you been with a friend at a BBQ who tells you about the great returns their holiday unit is getting? That gets you thinking “maybe I should add a holiday unit to my portfolio”. So should you, or shouldn’t you? Michael Beresford runs through the things you should consider before you start shopping around.
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Written by Matthew Lewison
Blindly accepting that prices will double every 7 to 10 years leads people to make grave mistakes with their investments. Nobody has a crystal ball that tells them the exact dollar value of a property 10 years from now, but that doesn’t mean that smart investors can’t establish reasonable grounds for predicting the direction and strength of market movements in the short to medium term.