 |
Speculators who have been making money from the booming property prices in the
past are likely to be disappointed if they choose to follow the same path. Speculating
is not advisable during difficult times. On the other hand, cashed up buyers who
have a secure income and intend to be owner-occupiers will fare better if they are
patient.
A slowdown in residential property may provide opportunity for serious home buyers
with strong financial base. The issue of timing and the geographical spread of property
investment requires experience and expertise.
For genuine home buyers, it is important that you do enough homework. If you are
unsure, talk to independent financial advisers or property consultants before making
any moves.
At a time when the pressure is slowly building, steer clear of unchartered waters.
The market downswings and ringgit attacks will have its impact on the economy and
in turn property. While the extent of the effect is still unclear. Be cautious. Wait
for the picture to become clearer. Adopt a prudent strategy. Look carefully before
you rush in. Property should always be a part of any prudent investment portfolio
and as always research and a firm understanding of your long term objectives remain
the key.
| Table 1. General Economic Cycle |
|
|
| | |
| Property?? - Buy, Hold or Wait |
|
|
|
