Steer clear of this untested Reit

Some entrepreneurs see the imbalance of supply and demand in housing as an opportunity. But investors should be cautious, says Max King.

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Families may still find renting is more expensive than buying

The shortage of affordable housing in the UK, especially in areas within reasonable distance of centres of employment, is a perennial issue in British politics. For decades, housebuilding has failed to keep up with demand, which has driven rents and prices ever upwards.

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Max King
Investment Writer

Max has an Economics degree from the University of Cambridge and is a chartered accountant. He worked at Investec Asset Management for 12 years, managing multi-asset funds investing in internally and externally managed funds, including investment trusts. This included a fund of investment trusts which grew to £120m+. Max has managed ten investment trusts (winning many awards) and sat on the boards of three trusts – two directorships are still active.

After 39 years in financial services, including 30 as a professional fund manager, Max took semi-retirement in 2017. Max has been a MoneyWeek columnist since 2016 writing about investment funds and more generally on markets online, plus occasional opinion pieces. He also writes for the Investment Trust Handbook each year and has contributed to The Daily Telegraph and other publications. See here for details of current investments held by Max.