Property investment platform CapitalRise has launched an Innovative Finance ISA (IFISA).
CapitalRise’s IFISA, which will also be available for future investment deals, provides investors with the opportunity to invest a minimum of £1,000 and up to £20,000 in prime residential property, offering tax-free returns between 10-14% per annum.
Uma Rajah, CEO of CapitalRise said: “Our prime real estate IFISA provides savers with an opportunity to access an historically top performing asset class – prime residential property – held in a tax-free wrapper.
“In the current low interest rate environment and with inflation predicted to rise significantly in the short term, we believe this will prove very attractive to UK investors and the hundreds of customers who’ve already registered with us.”
CapitalRise reported that so far raised over £3m across three deals in Yeoman’s Row, Knightsbridge, and Eaton Square in Belgravia.