Property reclaims top spot

Property has reclaimed its position over UK equities and bonds as the top performing asset class over the 12 months to June 2003. According to figures in Jones Lang LaSalle's (JLLS) Property index for the end of the second quarter of this year, annual property returns fell to 10.2% but nevertheless outperformed equities, long-dated gilts and index-linked gilts over the period. However, although returns on all UK property improved over the second quarter of 2003 from 1.8% in the preceding three months to 2.5%, this was still well down on the FTSE All-Share, which returned 14.5%, the hig...