Tuesday, November 27, 2012

Speculation, not location, is the new watchword





Location! Location! Location!" You may have heard this age-old real-estate wisdom when searching for a property. But is it the number one consideration?


A friend of mine has invested in residential properties for the past two decades but recently shifted to the commercial property market.


He was a believer in the conventional wisdom and took it as the primary rule to follow it when he made his first purchase of an office property six months ago.


At the time, he recalled, he received three offers from property agents.









via Business feed http://www.scmp.com/business/money/markets-investing/article/1091696/speculation-not-location-new-watchword

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