Heightened recessionary fears and a growing incidence of shorting is causing "unprecedented" volatility in the commercial property market, according to the latest quarterly property investment perspective from Reita.
Almost half (48pc) of the Reita members surveyed for the report now expect the UK to fall into recession, with just a quarter (26pc) expecting a 'short term' dip. This compares with the 27pc who expected to see a recession, when polled in May. Increased market volatility has also been in evidence, with 60pc of the panel attributing this to investors shorting the stocks of UK property companies. Dave Butler, head of external affairs at Reita, said: "After range-trading for the first four months of the year, property stocks tracked the decline in financial stocks as growing worries about i...
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