Stock market leads property

The fortunes of the UK stock market are a leading indicator for the corporate property market, according to real estate specialists Baring, Houston & Saunders (BH&S). The company argues that following individual sectors is more useful than looking at the overall direction of equities. Keith Alexander, senior analyst at BH&S, said: 'Four of the five worst-performing sectors in 2000 are high-tech, which includes IT hardware, telecom services, information technology and software. As the majority of high-tech companies are located along the M3 and M4 corridors, we can expect rents t...