In the United Kingdom retail investors of direct property unit trusts have been hit by the double whammy of poor performance and of being unable to sell. Major players such as Norwich Union and Friends Provident have locked investors in with long notice periods.
www.searchifa.co.uk
The idea of investing in direct property via unit trusts was that it represented a non-correlation with shares. However, these unit trusts have proved illiquid with a limited market for selling their assets when investors cash in their units.
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