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@Andrew
My two cents worth? Property is always a good thing to own, but if, right now, you are hoping that it will appreciate in price, then you might be disappointed - or you might not. But it is not the no-brainer that it might have been in the early noughties.
And think again about the "brother and parents looking after it". I have rented out a couple of flats in my time, and so has my wife - including the two flats we had when we met and got a house together - and experiences have been mixed. Depending on the tenants you get in, and the state of the house and, well, luck, it can be an easy or a very difficult gig. I have a friend who offered to look after another friend's place, and he wishes he had not got involved.
I suppose, what I am saying is that it is not easy money any more. And you might even lose, and piss off some members of your family into the bargain.