Industry expectations high ahead of Budget

With the announcement in the pre-Budget report in December, of the introduction of a new vehicle to allow investment in residential property, the likelihood is more details will be unveiled on 22 March. Ian Anderson, director and chief corporate counsel at Cicero Consulting, says he expects the final rules regarding REITs to be published next Wednesday. Meanwhile Tim Green, a real estate analyst from Brewin Dolphin Securities, says it is hoping there will be a softening of the provision terms for REITs so the requirements for interest cover will be made less onerous. He adds: “This is...