The Delph Property Group has launched a property investment scheme offering investors a 25% discount...
The Delph Property Group has launched a property investment scheme offering investors a 25% discount off the property's asking price.
The First Property Investment product (FPI) offers investment in properties within central London and particularly targets areas such as Knightsbridge and Chelsea.
According to Nationwide, average property prices in London have risen from £94,564 to £144,205, a 52% increase over the past 12 years. While demand for property in the UK has begun to tail off, London still remains a sought after location.
The FPI product works as investors buy the property and then lease it back to Delph who furnish it, find tenants and deal with any maintenance or legal issues.
Investors then receive a minimum income of 2% of the purchase price per year, which is paid in advance.
Paul Crocker, chief executive at Delph, said: 'It is an extremely attractive alternative to traditional investments such as unit trusts, Isas, bonds or shares.
'Even if activity slows and the market shifts, property prices in London remain competitive and relatively stable.'
Investment terms of three to 12 years are available through FPI with finance accessible from lenders such as HSBC, Royal Bank of Scotland and Clydesdale.
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