Tech boom has positive effect on property market

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The strong domestic economy is having a positive impact on the property market although there is lit...

The strong domestic economy is having a positive impact on the property market although there is little sign of a boom. Don Jordison, director of Scudder Threadneedle Property Investment, says: "The market is showing an admirable level of restraint in speculative development. There is a good economic backdrop but the industry has not gone crazy." Like other old economy sectors it suffered in February and March of this year as investors used it to fund purchases at the tail end of the tech, media and telecoms bull run. Since then, when it reached unsustainably low valuations according to ...

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