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 ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes