Buying property is no longer the investment that it used to be in years gone by. In 'those good old days', as they are fondly remembered, it was commonplace to hear that the best place for your money was not in the bank but in 'bricks and mortar'. But alas the property market reached its maximum peak back in the year 2001 and has never again recovered since its downward journey which has made people realize that they can no longer rely on any single property being sold for any significant profit.
The only case where this wouldn't apply would be where one had bought a run down condo that was going cheap after having spent some money in refurbishing it and then been able to sell it on for a slight profit. But here again one has to choose carefully as to what kind of condo one should buy, in what area one should buy it in and what facilities and amenities it should have.