REC staff

Study shows open-ended funds’ capital values fell by 2% more than IPD

Many property lenders are asking whether recent increases in property values are sustainable. This is a genuine concern because, although yields have fallen sharply in the past five months, the UK economy is still in recession and rents still falling. The present rises in value are fuelled by scarcity, not by underlying fundamentals, and there […]

EG Capital UK commentary The Macquarie UK REIT share price index rallied in the first half of November to a high for the year of 44.4 on the 17th. But it has drifted down again since then, not helped by what Nomura property analysts called ‘the Dubai effect’ late last month. All UK property shares […]

UK market overview The Jones Lang LaSalle Balanced Fund Index has fallen 10.2% so far this year and 42% from its July 2007 peak, writes Julian Schiller. Taking into account secondary market pricing, peak-to-trough pricing continues to improve, to -35.6% in November, from-37.9% in October. Despite interest from a diverse range of potential buyers, secondary […]

Contracts for 2009 have continued to rally, but modest capital falls are expected in the 2011-2014 period CBRE-GFI market commentary For the third consecutive month, the derivatives market has priced in gains at the front end of the curve but negative sentiment after 2010, writes Michel Heller. The November IPD UK Monthly Index revealed that […]

Funds are looking to buy deeply discounted bonds in hope of gaining control of underlying assets

Thames River proves long/short strategy can work, despite the casualties, reports Jane Roberts

CBRE calculates that £80bn of debt is backed by seriously flawed assets, reports Jane Roberts

Total outstanding property debt has fallen for the first time in the 10-year-old report’s history