Bricks and mortar: Is property still a good investment?

Scottish-American industrialist Andrew Carnegie famously declared that 90% of the world's millionaires had made their money from real estate. While this opinion was expressed more than a 100 years ago, property is still widely regarded as one of the better longer-term investments. Those in favour point to its low correlation with other asset classes, the income generated from rents, and the possibility of property values increasing over time. But is that really the case? Will this sector provide you with a constant stream of bumper returns or are there so many potential pitfalls that it'...