As safe as houses

Over the past few years, a low inflation, and low interest rate environment has caused investors to engage in a frantic quest for yield. This has had an impact across the asset spectrum - not least in the UK and European commercial property markets. Investors are buying vast amounts of property assets because they offer relatively high yields. Considering that the current dividend yields on the FTSE All-Share and FTSE Europe are approximately 3% and 2.5% respectively, the rationale underpinning this trend seems reasonable. So what are the implications on the outlook for UK and Europe...