Are flats better investment property than houses?

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I’m the kind of person who occasionally does a bit of window shopping for property.

It helps me think about where I might move to and what kind of investment property my home could be.

Like everyone else after three lockdowns, I was thinking about moving out to somewhere bigger for my next home back in 2021.

Somewhere with a garden so I can have barbecues and ideally somewhere where I could go paddleboarding easily.

But after a big storm, I couldn’t help but think how perfect flats were as investment property property.

There are no broken fences to fix, and any damage to the building would be covered by insurance or the communal sink fund. 

For bigger blocks, it’ll also be someone else’s job to deal with the logistics of the repair.

Flats are much cheaper to buy as well.

And, if it’s a new build, they’re potentially much cheaper to run – I haven’t used the heating once this winter, for example – provided management fees and ground rent are under control.

Then of course, there’s the added security that comes with an extra entrance, especially if you live higher up.

What do you think? Is it just a case of being used to one type of property over another?