There's a squeeze on finances and we're all feeling it. Interest rates have gone up. The stock market has been volatile in the last 12 months and many dentists will have seen a short-term decline in the value of their investment portfolio. Inflation has increased costs and whether we enter a recession or not this year, it's very possible that some dentists will see an increase in the number of patients deferring or just not going ahead with treatment plans.
It's therefore more important than ever to make sure your money is working hard for you. Many analysts are pointing towards a slump in the property market in 2023 and we've already noticed an increase in the number of dentists tempted by the potential fall in property prices and want to get involved in property investment. It's perfectly reasonable to question whether investing in buy-to-let property is a substitute for a well-structured investment portfolio. However, when you take a closer look at the financial and emotional burdens of managing buy-to-let property, the case for property may be less clear cut than you think.
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