It depends on how long a view you are prepared to take. In the short term if you had to sell you would undoubtedly lose, but over the longer term property is the one sure fire way to keep your money`s worth intact. Compare the present problem with a world war - in both the last two property prices dropped and houses became more difficult to sell, but within a couple of years of peace arriving they had reached almost double pre-war prices and have simply kept on escalating. My father paid £6000 for a house in 1948, which has changed hands several times since but has recently sold for £1m. My own home, which I bought in 1959 is now worth more than 100 times what I paid for it, or, more correctly, my pound sterling is worth 100 times less.
Money inevitably continues to lose its value, bricks and mortar over the long term don`t.
