THE property investment market will have stabilised by July and made a full recovery by the end of the year, investments analyst Reita predicts.
The firm's quarterly property investment perspective says although UK property stocks are currently trading at a discount to value of around 20pc, this has narrowed considerably from around 35pc in mid-November. It says this is partly as a result of falling NAVs, but can also be attributed to a moderate rally. Since January 9, UK property shares have recovered by 17pc, while the FTSE All Share index is down 2pc. The report also revealed that the last three months have seen further falls in the capital values of UK commercial property. The declines in November and December 2007 were ar...
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