Property offers better yields than bonds

Commercial property sector is now offering good yields as well as good valuations, says SLI's Andrew Milligan

Commercial property is now offering better long-term yields than corporate bonds, according to Standard Life Investments. Head of global strategy Andrew Milligan says the sector is offering good valuations as well as good returns. “If you think about any of the asset classes that have some value, property is noticeably higher by any standard. I think most people would argue the valuation of the property market is still attractive on a long-term basis,” he says. “The trigger I am looking for is not a rise in prices but a rise in transactions. “We are not looking for amazing retur...