Property investors looking for good returns should rather buy commercial property than residential property as investors achieve fewer returns.
This is all thanks to the wake of the economic recession that has seen residential properties being hard hit and in some cases, forced to sell at comprised prices.
Len Pears director of Quagga Property Brokers says the commercial and more so the industrial market has been least affected, making it a good investment for those looking for good returns.
Pears says buyers of commercial property need to know that when buying commercial or industrial property, one needs a far bigger cash input than residential property.
Most banks are also prepared to lend between 60 and 70 percent of the purchase price to qualified buyers