Patrick Sumner, head of property equities at Henderson Global Investors, has warned investors the market is pricing in a substantial fall in property values across Europe.
European indices have deepened losses after US jobs figures from the Bureau of Labor Statistics came in below expectations.
LinkedIn shares rocketed nearly 10% overnight after the business-focused social networking site posted bumper quarterly profits yesterday.
Leading UK think-tank NIESR has warned rising unemployment, which could hit 9% by the end of the year, will do permanent damage to the UK's productive capacity.
Berry Asset Management's Mark Robinson has been increasing exposure to the US market in the view it is unlikely to fall back into recession.
The Dow Jones Industrial Average closed at a four-year high last night as investors flock to US stocks amid the resurgence in the country's economy.
US GDP for the first quarter of 2012 rose 2.2%, undershooting analysts' forecasts.