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Estate trusts aim to boost private rentals

Chancellor Gordon Brown believes real estate investment trusts could be the answer to Britain&#39s weak private rental sector.

The Barker review into housing supply, published in interim this week, highlights the UK&#39s weak private rented sector and recommends a model based on US real estate investment trusts to encourage investment.

Brown says he will consult on a new incentive to encourage the creation of these trusts which the pre-Budget report says would expand the private rented sector and improve liquidity, transparency and scrtiny and provide access to property for long-term savings.

Iimia head of investment trusts Nick Greenwood says: “It will bring the UK in line with the rest of the world. Another plus is that the yield generated by Reits is much higher.”

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