Investment at make-or-break moment.
Investment at make-or-break moment.
- 1999
- Property Week 64(24) 18 June 1999, 13(1) .
A report for the Joseph Rowntree Foundation says that residential investment has reached a critical moment. Investment fund managers are testing the market but if they turn away they may not look at the sector again for a while. Fund managers want investment restraints lifted and an industrywide code of practice setting out minimum management standards. Housing Investment Trusts (HITs) have not taken off, and the report suggests replacing them with Tax-Exempt Residential Letting schemes (TERLs) which would be less restrictive.
RESIDENTIAL PROPERTY
JOSEPH ROWNTREE FOUNDATION
FUND MANAGEMENT
HOUSING INVESTMENT TRUSTS
A report for the Joseph Rowntree Foundation says that residential investment has reached a critical moment. Investment fund managers are testing the market but if they turn away they may not look at the sector again for a while. Fund managers want investment restraints lifted and an industrywide code of practice setting out minimum management standards. Housing Investment Trusts (HITs) have not taken off, and the report suggests replacing them with Tax-Exempt Residential Letting schemes (TERLs) which would be less restrictive.
RESIDENTIAL PROPERTY
JOSEPH ROWNTREE FOUNDATION
FUND MANAGEMENT
HOUSING INVESTMENT TRUSTS