Buy-to-let may be dead in the water for all but cash-rich buyers, but there are still ways to invest in property even if you don't plan to live in itwith some investments possible for as little as £1. A number of new initiatives are emerging while some older ones are getting a new lease of life. Here are five under-the-radar ways to become a property investor.
CapitalRise
CapitalRise allows people to invest in loans secured against prime real estate in Chelsea, Belgravia and Kensington. Using an online platform, investors can choose the loans that they want to participate in, based on location, risk, project duration and rates of return. All investments are structured so that capital is underpinned with a legal charge over the property and CapitalRise monitors each project throughout the life cycle of the loan, taking away the hassle usually associated with property investments. The minimum investment is £1,000 and there's no upper limit, but investors need to be either selfcertified sophisticated investors or high-net-worth individuals who earn £100,000+ a year or have more than £250,000 in net assets. Since CapitalRise's inception in 2016, the average rate of return on matured investments has been 8.3 per cent pa.
Allbricks
This story is from the October 18, 2023 edition of Evening Standard.
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This story is from the October 18, 2023 edition of Evening Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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