Britannic UK Property fund

Fund profile

britannic

Market performance eased in the first three months of the year, partly as a result of the reintroduction of stamp duty for properties in disadvantaged areas. This was a one-off hit which the market absorbed and it has now worked its way through the system. Despite this, the IPD Monthly index recorded 4% total returns for the first four months of the year and displayed signs of a return to an improving trend. Rental growth remains relatively weak against the background of an occupier market which is improving only very slowly. We expect rental growth over the year to be modest compared with ...