Sipp provider Xafinity has seen a 108 per cent increase in the number of new property Sipps being set up.
In the first seven months of 2013, Xafinity said the number of new property Sipps had more than doubled over the same period last year.
A key contributory factor in this was the firm's property offer where clients could save up to £2,000 on legal and Sipp fees for property purchase.
The offer capped costs at £1,500 + VAT for basic legal work relating to the property or land purchase and including Xafinity's property purchase fee. The offer is running until the end of November 2013.
Jeff Steedman, Sipp and SSAS business development manager at Xafinity, said many directors were unaware of the benefits of property in Sipps.
He said: "We continue to see high levels of activity in the Sipp property market in the UK but there are thousands of directors of SMEs out there who don't know that their pension fund could buy the company premises.
{desktop}{/desktop}{mobile}{/mobile}
"It's up to financial advisers, accountants and other professionals to review clients' pensions at regular intervals and explore ways in which pensions can 'self-invest' into their companies and potentially inject new capital whilst making an excellent long-term pensions investments.
"Financial advisers and clients also recognize that property and land prices may be rising and now may be a good time to invest in bricks and mortar. With a good tenant, often their own company, in place property investments via pensions can provide a solid investment for clients."
Earlier this year, Xafinity stated it wanted legislation developed to allow Sipps to invest in conversion of retail properties. It said this would help create more affordable housing and reduce crime in empty High Streets.