Investing in bricks can bring in bumper returns

MORLEY FUND MANAGEMENT

Commercial property has offered stability for the past decade, but will the boom times continue for this top-performing sector or could a change in interest rates or stamp duty be its downfall?

Gerardine Davies believes the bumper returns generated by commercial property in recent years have resulted in investors having an almost insatiable demand for the sector both in the UK and across the globe. The manager of Morley's Property Investment Fund and the Norwich Property Trust, says many people have grown to love the income security as well as higher yields which have been offered by the asset class over the past decade. "A lot of investors have become disillusioned by the equities market, despite the recent upturn in fortunes," she says. "They have recognised that property hasn...