Wednesday, 1 December 2010

Inflation seen lifting UK property investment | Reuters

Inflation seen lifting UK property investment | Reuters

UK commercial property values fell 44 percent during the 2007/09 global financial crisis, and since then a 15-month, 15 percent rebound in prices has lost steam, sparking fears the broader market may be on the cusp of a double-dip downturn.

"Prime UK property is seen as a safe haven and inflation hedge ... and overseas investors have an additional motivation in the weak pound," said Rob Mills, partner at Mountgrange Investment Management, which is investing 300 million pounds for mainly overseas institutions.

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