Although every investment should be assessed on its own particular merits, there are some fundamental matters to be considered when deciding which is best - house or flat, writes Tony Booth.

Supply and demand

Apartments are certainly much more popular with the mobile population of many inner city locations. Career orientated young professionals require the flexibility and ease provided by an apartment. Some also enjoy the status symbol of chic and fashionable style living that a modern apartment bestows on its occupier. Others just want the freedom to socialise away from their accommodation rather than in it, thus space becomes irrelevant and less is preferable for these busy individuals.

Houses gain in popularity out of city centres. Additional living space and a garden become important elements for couples that have or are planning to have a family. Others aspire to live on their own 'estate', without having to take into account or be irritated by those living above or below them.

Supply and demand is perhaps the most crucial of all considerations when deciding whether to invest in a house or an apartment. They are location specific qualities and thorough research before purchase is essential.