Friday, Jul 28, 2006

More ways to prop up the property market?

Financial Times: Vehicles set to queue for property schemes

Under the final version of the Finance Bill, which was passed last week, investors can get exposure to residential property through their self-invested personal pensions (Sipps) as long as it is through a so-called genuinely diverse investment vehicle. These schemes have to fit certain criteria: they must have at least 10 investors and own at least three different properties worth a minimum of 1m in total.

Posted by uncle chris @ 04:46 PM (594 views)
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1. tyrellcorporation said...

I like the way this is touted as being a good thing!!!

For the rest of us it could mean the final nail in the coffin... And I can clearly remember pundits stating after the last housing crash that houses are to live in and not for investments.

Friday, July 28, 2006 06:57PM Report Comment

2. paul said...

Why is the government further exposing the housing market to investment speculation at a time when affordability is such an issue?

Their incompetence is staggering to the point of making it indistinguishable from bloody-mindedness.

Saturday, July 29, 2006 08:53AM Report Comment

3. Time To Raise Petrol Prices said...

Forget about it - this is far too specialised even for most SIPP investors to bother with. When we thought BTL would be available for SIPPs, the calculated effects were pretty small - this will be tiny in comparison even to that.

Saturday, July 29, 2006 07:39PM Report Comment

4. sirgoogle said...

Paul. The Govt is desperate that is why. There is nothing left in the economy except for cheap imports being funded by a rising housing market and cheap loanms. And Oh dear, those imports are going up in price and international IRs are rising !!

The Govt needs to keep this going for a few more months before Tony throws in the towel.

Saturday, July 29, 2006 09:55PM Report Comment

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