House price growth boosts Castle Trust Housa
Since the launch on 1 October the Growth Housas have delivered growth of between 9% and 12.2% and the Income Housas, which provides an annual income of between 2% and 3%, have returned growth of 7.2%.
Sean Oldfield, chief executive, said: “Residential property is one of the most stable asset classes and has historically delivered annual returns of about 6% which is comparable to equities but with much less volatility.
“We offer investors an accessible way to invest in housing without the hassle and cost of buy-to-let with no management fees and guaranteed returns in excess of the Halifax House Price Index.”
In response to research and feedback from investors and advisers Castle Trust has amended its Housa so investors can access their money before their investments mature.
Castle Trust now quotes repurchase prices daily for all its Housas without applying any redemption penalty.