Reita calls on FSA to address commercial property shorting

Dave Butler, head of external affairs at Reita, said the body welcomed the ban and believes it could help to address the issues of continuing market volatility. Commenting on figures from their Property Investment Perspective report issued last month, Butler said: "60pc of the property industry leaders questioned indicated that they felt volatility caused by shorting was a serious issue. This has been reinforced by comments, from a number of analysts, that the financial sector ban could tempt short sellers to seek opportunities in the property sector." Reita has also cautioned that ther...