Friday, May 1, 2009

The Debts of the Spenders: UK Pension Funds to Enter Housing Mkt

LONDON, April 30 (Reuters) - Pension funds and other large investors could invest heavily in the beleaguered housing sector in the UK because of a plan encouraging the funding of new homes, a property lobby group said on Friday.

The government-backed Homes and Communities Agency's Private Rented Sector Initiative (PRSI), launched on Friday, is aimed at encouraging institutional investors to fund new homes specifically for private rent.

The British Property Federation (BPF) said the initiative will allow investors such as pension funds to enter the private rented sector on a large scale for the first time.



matt said...

That be one reason for this rally in RE then, right?

Interesting...why now? Are their memories that short?

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