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“The wise young man or wage earner of today invests his money in real estate.”
A century since he said those words, the advice of Andrew Carnegie, billionaire businessman and philanthropist, still holds true today. Apart from fulfilling the universal dream of home ownership, property in a desirable location can reasonably be expected to appreciate over time.
Among the world’s prime capitals, London is a standout: property values in the British capital have more than tripled in the last two decades.
Of course, one of the keys to savvy investment is buying in up-and-coming areas before prices get too high. Not even the most experienced investors may be able to guarantee where “the next big thing” will be, but they certainly take note of the pointers.