Balwin Properties: Worth the risk in this gloomy economy
There are glints of optimism that the real estate market may be bottoming out
With little good news in the SA property market over the past decade, it seems counterintuitive to be writing about mid-cap stock Balwin Properties.
The saying that real estate investing is as "safe as houses" hardly applies in this prolonged economic slump. Real house prices, factoring in inflation, have only seen a 5% return since 2008.