Which property segment would you avoid entirely right now — and why?

Everyone talks about what they're buying. Let's do the opposite.

Which segment would you not touch in 2026 — offices, short-term rentals, new-build flats, retail, land without planning, student housing, anything — and what's the reasoning?

Ground rules to keep it useful:

Name the segment AND the market. "Offices" means something very different in a CBD tower versus a suburban medical building.
Say whether it's a pricing problem (good asset, wrong price) or a structural one (demand isn't coming back).
Bonus points if you owned that type before and got out — what did you see?

Contrarian takes welcome. If someone names a segment you're actively buying, that disagreement is the whole point of the thread.
 
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