Real estate properties are selling like hot cakes in our country. Land or residential property prices have gone up at least five or six folds in the past few years and I am starting to wonder how long is this boom going to last? What was once barren land has now been made into modern residential marvels and the demand for such properties never seems to stop with more and more builders lining up bigger and better projects all year round. I have had my doubts regarding the property scenario in our country. I mean is it really worth putting in all your savings and buying a property just because every one else is doing it? I think not. But there are two sides to a coin and my friend made a very valuable point the other day. He was telling how property value would never decline with each passing year as population always growing. I guess it makes sense buying a residential property and then leasing it out! I mean it gives you a steady source of income and who says that you have to stay in the property you bought right?
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