Six property myths that refuse to die
From the belief that property doubles every seven years to the idea that cheap property always delivers the best returns, some real estate myths have survived for decades despite evidence to the contrary.
Sorting the facts from the fiction is a good starting point for any prospective property investor. (Image source: Pixelvario/Shutterstock.com)
Every property boom forges its own collection of myths.
Some emerge from social media. Others are passed down from investors who experienced a different market cycle decades ago. Many contain a grain of truth, which is often why they survive for so long.
The problem is that property myths can be expensive.
When accepted without question, they can lead investors to buy the wrong assets, overlook opportunities or make decisions based on outdated…
