Should I Take A Loan To Buy Property?

As I was speaking to a friend earlier, she has expressed her desire to buy a piece of property for her own stay as she is currently renting a place. However, she was in a major doubt whether such move was a wise one after "consulting" some of her friends. The rationale given by her friends was that she should not buy a property by taking a loan from a bank because she would end up probably paying more than double the property value in the form of interests! On the other hand, there is no way she could purchase the property entirely with cash! So she was left with a major dilemma...

I will offer my views in my next post. What's your view?