Offshore: Ahead of the game
Guernsey has long been a popular base for property investment funds, but the UK's decision to consider new tax-efficient property funds means the jurisdiction may soon be facing added competition for market share. But the island still has plenty to recommend it, says Ben Morgan
During the course of the past few years, there has been a considerable increase in the number of property funds established in Guernsey. The increase has principally been investor-driven, as demand for property funds increases in response to money moving away from equities and other investments. This demand has come from institutional and retail investors. The Channel Islands generally, and Guernsey in particular, have benefited from the growing appetite for property investments.
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