Good-Guy
VIP Contributor
Purchasing property can be really profitable for investors because the value of the property can rise by the passage of time and this is considered a long-term investment by many kinds of investors. There are many kinds of properties and real estate assets that you may buy and hold for a long time. You may even rent out places and earn monthly income. However, I have always believed that investment in property which is located in a developing area is one of the best investment a person can make. This is due to various reasons. Properties are usually cheaper in developing areas. Many investors in my place invest in such areas that have a great prospect. The properties in such area can be bought for really low price and then they could be sold for higher gains. Purchasing property in already developed area would not bring that much benefit due to the fact that the prices of real estate in such areas have already reached their peak. What do you think? Do you agree with me or do you disagree?