Forget buy-to-let! I’d buy this unique property share instead

first_img It’s fair to say that many buy-to-let investors have done well over the past couple of decades. But despite the recent temporary easing of stamp duty, new tax rules and other requirements have made the sector look less attractive than property shares. On top of rising costs, the property market looks toppy to me. My guess is the next two decades may prove to be less lucrative for those entering the game of investment property ownership now.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…But another big factor is the sheer amount of effort and time it will take you to buy, own and manage a property for letting. You’ll be exposed to many risks and uncertainties. And, like me, you may conclude that it’s better to spend your time in other pursuits.Passive investing in property sharesHappily, we can invest in the theme of property passively. It’s as easy as buying the shares of one or more of the property-backed stocks listed on the London stock market. Just do your research, make your selections, and buy some shares. Then hold them with the same tenacity you’d cling to a property you own for rent.Over the next 20 years or so there’s a good chance your investment will rise in value. The returns will likely come from shareholder dividends and gains in share prices because of the underlying progress in the business.And the Covid-19 crisis has driven down the price of many property-backed stocks because of the short-term challenges faced by the sector. It’s true that property companies are sensitive to cyclicality in the economy. But the coronavirus pandemic may have created the conditions for the current cycle to bottom out. Indeed, it could be a good time to go shopping for property shares right now.For example, I like the look of “the UK’s leading developer and manager of retirement communities,” McCarthy & Stone (LSE: MCS). But today’s half-year results report reveals to us some dire figures for the six months to 30 April.Indeed, legal completions for sales and rentals dropped by 44% compared to the equivalent period the year before. Revenue plunged by 64% and the firm lost underlying earnings per share of 4.1p compared to making 2.9p last year. And because of the effects of the coronavirus crisis, the interim dividend is toast.Good value despite poor tradingHowever, worse figures may still be to come. The company reckons the full financial effects of the crisis won’t show up until the second half of the year. Indeed, sales and building activities halted during the lockdown. And the firm is being very careful about how fast it’s reinstating operations because most  customers are elderly.But today’s news hasn’t rattled the share price, which remains steady as I write. I reckon that suggests the market may have already factored in the trading negatives. Meanwhile, with the share price near 75p, the tangible book value sits just below 0.6, which looks like good value to me.Looking ahead, the company serves a growing sector. And the directors think it’s “well-placed to capitalise on this exciting opportunity.” Enter Your Email Address Image source: Getty Images Forget buy-to-let! I’d buy this unique property share instead Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Kevin Godbold has no position in any share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. “This Stock Could Be Like Buying Amazon in 1997” I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement.center_img Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Kevin Godbold | Wednesday, 15th July, 2020 | More on: MCS See all posts by Kevin Godboldlast_img read more