| European regulation poses threat to affordability of property funds to UK investors, trade bodies warn. A major piece of European regulation could lead to spiraling costs for ‘bricks and mortar’ property funds, according to trade bodies.
Both the IMA, the fund management trade body, and the Association of Real Estate Funds (Aref) have warned that the Alternative Investment Fund Managers directive (AIFMD), which is expected to come into force next summer, will raise costs for mainstream direct property funds..............................................Full Article: Source
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