Please enable JavaScript.

Coggle requires JavaScript to display documents.

Property markets (direct v indirect (indirect over direct (access to…

- - - - control
      - diversification away from the stock exchange
      - forced selling less of issue
      - management fees avoided
      - not exposed to high risk types of property
      - not exposed to extra volatility caused by gearing/ discount to NAV
      - tax advantages (possibly)
      - utility value
      - volatility of prices lower in short term as valuations infrequent
  - - - open-ended schemes such as property unit trusts
      - closed ended schemes e.g. property investment trust companies
      - shares in property (development/investment) companies
- - - - restrictions
        
        covenants
        
        easements such as right of way
        
        planning and building regulations
        
        statutory requirements not to cause a nuisance to others
      - rights
        
        occupy or let out
        
        refurbish or develop
    - - use in return for some payment (annual ground rent)