THE credit crunch will hasten the end of the phase of yield compression in European commercial property and investment managers will no longer be able to rely on rising property prices to generate the bulk of their returns, according to Alessandro Bronda, head of investment strategy at Aberdeen Property Investors.
In this environment, managers will have to employ a more active style, take a sharper regional and sector focus and be more selective when investing in property, he said. Moreover, the credit crunch...
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