The Importance of Capital Gains in Property

There's a widespread belief that property prices double every 10 years. But most of the time they don't and you have to wait until there is a sharp rise in house prices for you to make money. If you're lucky enough to buy right at the bottom and sell at the top yes you will make money but that's only a minority of people who do that. The majority I think either make not much more money than they would have in the bank or in many cases they lose money.