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Approvals have picked up again since then and Paragon is looking forward to relish to next April when changes to pensions mean that investment property can be sheltered in a self-invested pension plan, or SIPP.
"Despite the slow pace, these are likely to be in areas such as equity drawdown and self-invested pension plans and we have seen many companies looking for more technical specialists in these areas."
Q What benefit do Self-Invested Pension Plans (Sipps) have over traditional pensions?
Against that, sales of unit trusts and ISAs were up 42 per cent, and nonprofit pensions, boosted by self-invested pension plans were also 30 per cent higher.
Richard Crathorne, a partner at Curry and Partners' Sutton Coldfield branch and member of the Association of Residential Letting Agents, said: "Despite the fact that the Chancellor has killed off residential investment using self-invested pension plans, landlord interest in property is still buoyant.