Property Investment and Pensions - The Demise of The SIPP
Released on = January 15, 2006, 9:33 am
Press Release Author = BuyProperty4Less
Industry = Small Business
Press Release Summary = Property Investment Folly?Since the Government has scrapped putting residential property into SIPPS how will it affect UK Property Investments?
Press Release Body = FOR IMMEDIATE RELEASE 16/12/2005
Property Investment & Pensions - What\'s all the fuss?
The Labour government have recently scrapped its proposals for allowing residential property investments into SIPPS - how will this affect the market and what does the future hold for UK property investors.
\"The government in its wisdom have recently taken a U-turn on its proposals to allow residential property investments into the personal pension arena. Why they had taken so long to change their policies amazes me. I feel sorry for the financial institutions who have spent £000\'s on compliance etc for the new incoming legislation. Some large institutions had millions waiting to be poured into the market place in anticipation for \"A Day\" in April 2006\" states Damian Qualter MD of www.BuyProperty4Less.com who are one of the UK\'s leading property investment companies
\"There was much talk in the market place about SIPPs but our investors were not hanging their hats on its introduction. As usual government policy was not thought through properly and the whole saga was \"over-Egged\". Many people were sitting on their hands waiting for the market to take off again in April 2006. Now that their dreams have been scuppered it\'s time to take stock and get back to business as usual. Yes, the idea of £10-15 billion hitting the investment property marketplace was turning a few heads but now people have a great opportunity to jump back into the property market as conditions are right for growth albeit at a more sustainable rate. Housing stock is in short supply, employment is good, interest rates are still low and demographics all add up to growth in the property investment arena\"
\"We are moving forward with some great deals for our clients but are still cautious about where we invest. Buyproperty4less and its expert team of property investment analysts believe that for the next 2-3 years the North West of England will be king. We are based in the North-West, we are investors in the North-West and many of of clients who visit from the South (BuyProperty4Less states that 75% of its clients are southern based) love Manchester and the surrounding area. It is believed that the city centre populations are set to double over the next few years with the relocation of several key employers to the area\"
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