It’s a common misperception that property only goes up in value. This falls alongside the notion that your biggest asset is your home… This is simply not always the case.
You have to consider aspects such as maintenance costs, location, the country’s economic status, interest rates and the bond that you still need to pay, amongst others. This is no short-term commitment after all.
If you are set on investing in property, it might be a better option to consider listed property, such as Redefine. As it stands now, the value of property is increasing at a rate lower than inflation, which means the capital tied up in your home is actually losing value.
Better investment alternatives to property