Funds That Pave Theway Into Property ; Property On Sunday
Mail on Sunday › March 17, 2004
Linked as:
Summary
If you can't afford to climb on the housing ladder, there are otherways you can still cash in on rising prices Buying a flat or house is fast becoming an unlikely dream for millions of people. Halifax says sky-high prices mean the typical first-time buyer needs a deposit of almost Pounds 40,000 and a salary of more than Pounds 41,000 to buy a property in London, for example.
Even hopeful buy-to-let investors are being frozen out of the market by today's high prices. But there is another way to take advantage of rising property prices put money in a property fund. Run by professional managers, the funds buy dozens of properties across the country.See the full content of this document
Extract
Funds That Pave Theway Into Property ; Property On Sunday
As an investor, you buy a part-share in the fund. Your stake rises and falls with the value of all the properties and the rent they earn.
Demand for the funds has never been higher. A year ago Scottish Widows closed the doors of its property fund to new investors amid fear...See the full content of this document
Sponsored links
