How to reap returns from property in a housing slump
It is still possible to invest successfully in property despite the housing market slump - you just need to look for the unconventional projects.
Putting cash into funds which invest in property, buying land or investing in a commercial property with a view to turning it into residential homes are all tax efficient and hold the potential for returns.
In fact, according to consumer group Which?, canny investors can still provide for their future by putting their cash into less conventional investments.
The message lies at the heart of a new publication from the organisation, the Property Investor's Handbook, which also suggests buying properties off-plan which can work if a large discount is negotiated with the developer.
Novice and time-short investors are also encouraged to look into good, well-run property investment clubs as an alternative.
Kate Faulkner, author of the book, said: "When the housing market is unstable property tends to fall out of favour as an investment. But many people don't realise that property investment opportunities come in many forms - from joining a property fund to snapping up pieces of land.
"Done properly, investing in property can still provide a good return, but people need to look beyond buy-to-let and renovation."
The advice, however, comes with a warning. The book urges budding property investors to do their homework before launching into a project and build up a sound knowledge of their local property market to ensure developers' claims are genuine.
Ms Faulkner added: "Make double sure you know exactly what type of investment is right for you, how much you can really afford to invest and whether property will give you the return you're looking for."
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