Andrew Milligan, head of global strategy at Standard Life Investments, says that confidence is returning to parts of the property market
Global property has suffered a torrid time in recent years. In the UK, the IPD index fell over 20% in 2008. Further moderate declines should be seen in 2009, reflecting the deep economic recession. However, investors should not be too bearish. The attractions of investing in property are beginning to become more apparent; indeed, there has already been a revival in some areas such as real estate investment trusts (Reits). Long-term investors need to start thinking if, when and how to raise the holdings of property in their portfolios. We have experienced both the fastest and the largest c...
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