A new avenue for investors to take a stake in the property market has opened up with the launch of “the world’s first property exchange”– the Property Investment Market (TPIM). The company provides an internet-based exchange service (<a href='\"http://www.tpimarket.com\"'>www.tpimarket.com</a>), enabling investors to trade shares in individual properties – with a minimum £1 investment – through a self-invested personal pension (SIPP)-linked account, with all its associated tax advantages. The scheme works through TPIM buying bulk groups of properties, with investors each buying shares of up to 10%, which are spread equally across each of the individual flats, with costs and returns aggregated across the group. TPIM chief executive Stephen Kenny said the venture is “an ideal way for developers to sell properties quickly to cash-ready investors directly through the website at any stage, from off-plan to full completion.”