The property investment specialist Mill Group Residential says it has launched the first real estate investment trust (Reit) to invest exclusively in the mainstream residential sector. Initially the portfolio will focus on properties in London, southern England and the Midlands, ranging in value from £180,000 to £430,000. The trust aims to yield 3 per cent after costs and says it will list on the London Stock Exchange next month, at which point investors will be able to trade their shares.
David Toplas at Mill Group Residential, says: “With house prices disappearing out of reach for wouldbe buyers in several parts of the country and mortgage rates expected to rise in 2015, rental demand - and landlords’ incomes - are going from strength to strength.”
The minimum investment is £1,000 via the crowdfunding platform SyndicateRoom, which is regulated by the Financial Conduct Authority (FCA) and asks prospective investors to self-certify as “sophisticated”.
You can read more from writer Chiara Cavaglieri’s blog here: http://chiaracavaglieri.tumblr.com/post/104078339117/how-to-take-part-in-the-property-boom-without