UK house prices continued to grow in October, with activity and price increases most pronounced in areas with higher house prices and for larger homes. This is a result of the higher benefit of the stamp duty holiday for more expensive homes, and a likely result of changes in working patterns leading some to consider more spacious residences.

The Fund’s property portfolio saw another increase in valuations in October. Whilst this increase was relatively small at 0.12%, it is the fifth consecutive month in which the property portfolio has seen upward valuations.

Rent collection was strong again in October, and over 98% of rent demanded in the month was received. 

In our latest Fund and Market Update, Stuart Springham reviews the current factors at play in the owner-occupier and rental markets, and provides the latest key performance indicators for the fund. Stuart also outlines some changes that have been made to our Tenant Management agreement which is designed to deliver greater positive social impact for the Fund’s tenants.

The document can be downloaded by clicking on the image below.

A detailed list of the Fund’s property portfolio and cash holdings is available in the Portfolio Summary document.

The latest factsheets can be downloaded from our library here.

Important Information

This document is not a prospectus, invitation to invest or advice. Investors may get back less than the amount invested. Information on past performance is not necessarily a guide to future performance. The value of investments in the fund can go down, and there can be no assurance that any appreciation in the value of investments will occur.

Residential property values are affected by factors such as interest rates, economic growth, fluctuations in property yields and tenant default. Property investments are relatively illiquid compared to bonds and equities, and can take a significant amount of time to trade.

Hearthstone Investments Ltd is the parent company of the Hearthstone Investments Group. Regulated business is carried out by Hearthstone Asset Management Limited. Hearthstone Asset Management Limited is an appointed representative of Thesis Asset Management Limited which is authorised and regulated by the Financial Conduct Authority (114354). Hearthstone Investments Ltd (06379066) and Hearthstone Asset Management Limited (07458920) are both registered in England and Wales. The registered office for both companies is c/o Waterstone Company Secretaries Ltd Third Floor, 5 St. Bride Street, London, United Kingdom, EC4A 4AS.

Thesis Unit Trust Management Limited is the Authorised Corporate Director of the TM home investor fund. Authorised and regulated by the Financial Conduct Authority (186882).