I've heard a lot of Con's in owning a studio in central city, as it is very hard to resell. While the rental income on the surface seems reasonable, however, the running costs keep rising out of proportion and it also take a long time to rent out, particularly at this time with the constant number of new apartments being erected. Summing up, I'd be very very lucky to get my investment back.
I am aware it is almost impossible to obtain finance for studios, But are the above 'facts' really true?
Has anyone got any Pro's to share, please? Thanks.