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gruffydd

Reits Lobbying Birmingham Post Style

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http://icbirmingham.icnetwork.co.uk/birmin...-name_page.html

"We're making representations to the Government about both these issues," he said. "And we remain optimistic that they will listen to us and get the rules amended.

"We believe that this will happen because the Government is keen that the UK is the leading location in Europe for investment in real estate."

Jasus Mary and Joseph

And why the hell is The Birmingham Evening Post dedicating an article to the opinions of George Campion, 'Head of Deloitte's Real Estate Team'!!!!!

And could somebody please explain what REITs are and what impact they might have on residential property.

Comments please!

Edited by gruffydd

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Real Estate Investment Trusts, basically the property equivalent of unit trusts so you can invest in property without you (or the fund) incurring undue capital gains tax, double taxation or stamp duty issues.

The Birmingham Post is owned by the Trinity Mirror so there's probably some edict from above commanding all the regional papers to promote REIT's for whatever reason.

Personally I'd question the prospects for property in the Birmingham area, or any region that has a contracting industrial base. I read that people are so keen to pay to bypass the Midlands region that the area been fast tracked for blanket road charging.

Edited by BuyingBear

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I've always thought residential REIT's could take away one of the big complaints from wannabe FTB's, by allowing them to cost-average their saving for a deposit.

You could even allow a moderate (50%?) level of gearing. Properly explained and marketed this could be a genuine win-win (but I suppose it wouldn't be properly explained and marketed :angry: ).

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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