Sunday, April 25, 2010
Pile in, kids
They can hardly believe it themselves, but estate agents and mortgage brokers are agreed: the property market is booming like itâ€™s 2007 again. Now funds are giving investors access to the top end of the market without the need to buy a home. Hotbed raised Â£3m for investment in the London Central Portfolio (LCP) fund, which specialises in property within a radius of six miles around Hyde Park. It is targeting a 15% yield. Hotbed said "A year ago there was no way we would have gone into it but the world is good again. It took us just two weeks to raise this money"