U.K. residential property REIT
Posted: June 18th, 2019, 6:10 am
Good morning,
Feel this could be a silly question but let’s see. I’ve been struggling to find any pure U.K. residential property plays. RESI is mixed, PRS is build to rent and probably comes closest but i’m not overly keen on the development risk. Are there REITs / funds i’m missing? Perhaps my ‘googling’ skills have failed me.
Plenty of commercial property options but with the tax changes occurring for buy to let held personally I thought there’d be more of these fund alternatives springing up.
I started looking at this as big apartment blocks appear to be yielding 5-6% in London and 6-9% in other U.K. cities from eyeballing the Allsop catalogue. Throw in some leverage which is cheap at the moment and you’ve got a REIT i’d Interested in - 5% dividend back by inflation linked assets.
Thanks for any thoughts.
All the best,
Feel this could be a silly question but let’s see. I’ve been struggling to find any pure U.K. residential property plays. RESI is mixed, PRS is build to rent and probably comes closest but i’m not overly keen on the development risk. Are there REITs / funds i’m missing? Perhaps my ‘googling’ skills have failed me.
Plenty of commercial property options but with the tax changes occurring for buy to let held personally I thought there’d be more of these fund alternatives springing up.
I started looking at this as big apartment blocks appear to be yielding 5-6% in London and 6-9% in other U.K. cities from eyeballing the Allsop catalogue. Throw in some leverage which is cheap at the moment and you’ve got a REIT i’d Interested in - 5% dividend back by inflation linked assets.
Thanks for any thoughts.
All the best,