2 cheap passive income shares to consider before it’s too late!

I’ve been buying dirt cheap passive income shares for my Self-Invested Personal Pension (SIPP) in recent weeks. And I’m looking to keep my shopping spree going as signs of a new bull market grow. Here are two top UK shares I think savvy investors should consider today. They trade on ultra-low earnings multiples, giving them scope for substantial share price gains in 2024 and beyond. These bargain stocks also carry market-beating dividend yields, making them attractive possibilities for those seeking a passive income. Property stocks have been depressed by higher interest rates in the past 12-18 months. Companies such as Assura (LSE:AGR) have experienced a decline in their portfolio values, which have negatively impacted their earnings. This particular real estate investment trust (REIT) — which lets out primary healthcare centres across Britain — saw its net asset value (NAV) per share drop to 49.4p in the 12 months to March. This was an 8% year on year fall. Interest rates may remain at higher levels if inflationary pressures endure. However, there’s a significant chance of rate cuts following recent inflation data. Indeed, the IMF now expects the Bank of England to cut rates maybe as many as three times in...

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