Daniel comments:
"Higher property taxes are a big concern. High-end homeowners will be particularly worried about proposed CGT changes or new levies. Many will continue to downsize portfolios and lower loan-to-value ratios; the days of running highly geared portfolios are over. Diversifying beyond bricks and mortar can help reduce exposure to future tax changes, options such as real estate debt investing combine the security of physical collateral with the predictability of fixed-income cash flows."
