Demand for property goes through roof

For some time the industry has been talking abut the boom in bricks and mortar funds. This has certainly been the case in 2006, with a raft of property fund launches already seen by well-known, and sometimes not so well-known, fund managers. It appears that there is still much hype surrounding property in central and Eastern Europe. Last month, fund manager Collins Stewart launched a close-ended property fund investing in major urban centres in Turkey, Romania, Ukraine and Bulgaria. It said it would focus on these areas because higher yields could be generated on property compared to mo...