Hargreaves Lansdown wary on property sector

outlook

Hargreaves Lansdown is steering its clients away from property investments despite the sector provin...

Hargreaves Lansdown is steering its clients away from property investments despite the sector proving increasingly popular with retail investors. Property has been one of the best selling IMA sectors over the last four months with net sales of £264m in May alone. But the broker firm's chief executive Peter Hargreaves has reservations about the asset class. "In property, when things are bad you can't get out easily," said Hargreaves. "Everyone has an opinion on property that it only goes up. We get concerned that people don't think it will go down. Property can be just as volatile as equi...