UK property: real investment
Article Abstract:
Returns on real estate in the UK could reach an 11% annual average for the five years from 1996, according to Legal and General. This assumes a growth in rents of 1% annually in real terms. Real estate has become less useful as a hedge against inflation, and rental growth has slowed in the decade to 1996. There is an oversupply of real estate, but lower rates of interest and a rise in employment are likely to create shortages. The UK economy is likely to see growth averaging 2.75% in the five years from 1996.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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UK property: grim outlook
Article Abstract:
The UK real estate industry is likely to see a drop in commercial real estate prices in the ten years from 1996, according to Old Mutual Portfolio Managers. Commercial buildings have a shorter life in the 1990s compared with the 1970s as inflation has dropped and technological changes means buildings are obsolete faster. New capacity increased toward the end of the 1980s and a crash followed. Competition in the 1990s has led to builders increasing quality and cutting prices.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
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