Momentum swings behind property

Positive net retail sales over seven consecutive months show investors are shifting back towards sector

Retail investors are returning to the property market, with inflows soaring to £376.6m in October, far exceeding the previous month’s £261m total, according to IMA figures. Property funds have had positive net retail sales for seven consecutive months, with property the top-selling net retail sector for the first time in over two years in October. By contrast in November and December last year, property was the lowest-selling sector. This has coincided with a revival in property fund performance, with the average fund in the IMA Property sector returning 19.8% over 12 months to 23 Nov...