Property experts say market improving but caution required

Over 95% of property and investment experts surveyed by Reita think property market conditions have improved in the last three months. Meanwhile, just over half (54%) say the improvement is "significant" compared to 14% in the June survey. An additional 58% of respondents believe the return on REITs (real estate investment trusts) and property securities will be better than direct returns on property over the next year. Peter Cosmetatos, operating director of Reita, comments; "Whilst it is encouraging to see over 30 new property funds having come to market in the past few months an...