Fund buyers have cautioned on investing in the UK's buoyant property market, amid fears the sector may be overheating.
Sheldon MacDonald, senior investment manager at Architas, favours real estate investment trusts (REITs) for property exposure and has named the four trusts he is backing in his portfolios.
Wealth managers have been shifting assets out of fixed income and into property as the unloved sector comes back onto investors' radar.
Britain's housing market has finally "turned a corner", according to surveyors who report that rising prices and activity are no longer confined to the South East but are being seen across the whole of the UK.
Student accommodation fund giant Brandeaux has denied its recently-suspended funds are "distressed sellers", and has said there is a £1bn "overhang" of property on the market.
Standard Life Investments (SLI) is converting its £380m UK Property fund into a property-authorised investment fund (PAIF) next month, to give unitholders gross income without having to pay corporation tax.