Direct property and a global ETF solve different problems. One can provide controlled use and leverage; the other offers liquidity, diversification and minimal administration.
Compare the return engines
Property combines rental income, price change and leverage. VWCE reflects global company earnings and market valuation. Neither return is guaranteed.
Count every cost
Property requires financing, purchase taxes, maintenance, vacancies and management. An ETF has fund and broker costs but no tenant or building risk.
Compare concentration
One apartment is tied to one building, city and tenant market. A global ETF spreads ownership across thousands of companies but remains exposed to equity-market volatility.
Choose by role
Property may suit housing control or active ownership; an ETF may suit automated, liquid compounding. A portfolio can contain both.