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Property investment scheme launched

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  • 17/10/2001
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The Delph property group has launched a property investment scheme, offering investors a 25% discoun...

The Delph property group has launched a property investment scheme, offering investors a 25% discount off the properties’ asking price. The First Property Investment product (FPI), offers investment in properties within central London and targets attractive 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 last 12 years and 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 yield a minimum income of two percent of the purchase price per annum 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 with finance accessible from lenders such as HSBC, Royal Bank of Scotland and Clydesdale.

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