Joe McTaggart, managing director of asset management company Walls & Futures, on why residential property is seldom invited to the asset allocation ball...
Property is one of the four key components of a portfolio, but in investment circles, property means commercial. Residential, like Cinderella, is seldom invited to the investment allocation ball, perhaps because it is not seen as investment grade. I understand the hesitation; after all, clients already own their own home so have residential exposure. Stories of clients who invested in city centre new build flats which quickly turned from buy to let to buy to regret only add to the negative sentiment. So, is residential property an investment grade asset? The short answer is yes. Befor...
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