Caution looks to be the fund manager buzzword this year when it comes to US real estate, with the se...
Caution looks to be the fund manager buzzword this year when it comes to US real estate, with the sector suffering along with the general economy. Consumer-driven residential property has performed less well than the business-driven commercial side, says Andrew Holliman, manager of Threadneedle's American fund. He explains the weakness in residential property began in the second quarter of 2006 with a sharp decline in the number of housing permits requested and approved. By contrast, the commercial sector still has relatively strong supply and demand. Rupert Della-Porta, manager of F&C's...
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