Beware of 'Xmas' council properties

Most municipalities countrywide are on a roll selling properties at throwaway prices, thanks to the Christmas season. The assets that are on sale in over 80 per cent of 175 local authorities include land, houses, schools, health centres, vehicles and graders.

Most prospective investors could have already spent fortunes or borrowed loans to secure the property. Unfortunately, the assets on disposal by the local authorities are what property investors must avoid like plague this festive season.