UK property sees biggest fall in sentiment in August as rate hike concerns weigh
Dropped 9.1ppt
UK property sees biggest fall in sentiment in August as rate hike concerns weigh
UK property posted the largest drop in sentiment this month following the Bank of England's decision to raise interest rates, which put pressure on the asset class, according to the Lloyds Bank Investor Sentiment index.
The monthly index, which measures net investor sentiment towards an asset class, found UK property fell 9.1 percentage points (ppt) to 4.9%, the biggest fall in August. The BoE's decision to hike rates...
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