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CONFIDENCE LOST IN HOUSING INVESTMENT TRUSTS

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Housing investment trusts have been branded a flop by the Royal Institute of Chartered Surveyors, reports The Times...
Housing investment trusts have been branded a flop by the Royal Institute of Chartered Surveyors, reports The Times (p32).

They were introduced by the last government in an attempt to boost the private rented sector but not a single trust has been launched.

City institutions find them unattractive because the type of properties allowed to be held in a portfolio is too restrictive - only property with a market value of less than£85,000 outside London and£125,000 in the capital.
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