Rising property equity giving the illusion of growth.
In the final quarter of 2003 alone, £15.5bn was withdrawn from property equity, while in the year to March 2007, each set of quarterly figures topped £11bn.
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A Real Estate Investment Trust pools the resources of investors to invest in either property equity or in mortgages.
That was a period of extreme economic volatility, after all -- spanning the housing crash, when countless homeowners lost millions of dollars in property equity, and the financial crisis of 2008, which resulted in a national credit crunch and soaring unemployment rates.
This could include property equity, savings, or available surplus cash related to the business.
Sometimes, these bundles take the form of real properties (Equity REITs), sometimes the form of mortgages or mortgage-backed securities (Mortgage REITs), and sometimes combinations of the two (Hybrid REITs).
"Also, it is important to have diversification within your portfolio, both between asset classes (fixed interest, property and equities) and within your equity content (you should not only have exposure to UK equities but to US, European, Far East and emerging -market equities).
On the other hand, raising rates further could attract even more money, and thus intensify fears that bonds, property and equities will become overvalued.
