Investing in parking spaces: Is it worth the risk?

Advisers have their doubts

Carmen Reichman
clock • 9 min read

Investing in parking spaces is undoubtedly a risky affair but should investors rule it out altogether? Carmen Reichman talks to one investor facing significant losses and asks advisers for their opinion...

Investors nowadays are being offered an increasing range of off the wall products. From wine and diamonds to holiday resorts, store pods and carparks, these products promise high returns, often "guaranteed" for the first years and a further "developer buyback option" effective after a certain period of time. However, the investments do not always work out. And the word "guarantee" is often used in the loosest sense, leaving the investors stranded with a low yielding product they can't sell to get their money back. What's more, when things fall apart there are no protections from th...

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