The property market, after a difficult couple of years, has seen a marked recovery over the past 12 months.
Capital values have risen by 15% and the asset class has returned to favour with investors, while data from the Investment Management Association shows net inflows of more than £3bn over the past year to end of June. Property has outperformed both equities and gilts over the past 12 months according to Investment Property Databank (IPD) figures, but past performance is not necessarily indicative of future returns as investors are well aware. The UK Chancellor George Osborne has predicted a “choppy” recovery in the wider economy while others warn of a “double dip” if policy is tightened t...
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