This video (hyperlink beneath) is absolutely fascinating but it surely makes me tentative to put money into downtown property — in the event that they’re proper, that’s, and that is why I am posting, to ask your collective recommendation!
This is what I am referring to, a 4 min video that depends on OECD knowledge and a UBS report: https://www.youtube.com/watch?v=n5EG6Aak11w&listing=PL53S6Y6W6bvpx4VTTqofbBOUYOFZEBKwQ&index=4
Mainly, it claims that Covid triggered a property growth in main world cities, one which’s inevitably going to burst. From an buyers perspective, they argue that the worth proposition of dwelling in cities has declined, so demand will go down long-run, and but property costs in cities are sky-rocketing. Like, living proof: a flat in London or Toronto would take 10 further years to repay in the event you buy-to-let now than it could 10 years in the past.
So what are your ideas? Is it price investing in main metropolis property now, or is it a shedding proposition?