Property set to keep edge on gilts

Article Abstract:

UK property yields have increased to 7.3% in 1998, while government bond yields have fallen to about 5.8%, making property more profitable than gilts. Market analysts point to a dramatic fall in the gilt market rather than a surge in property value. The gilt market fall has been caused by a combination of low inflation, European monetary union and a government policy of lower borrowing. Investors may begin to choose property instead of gilts as an investment because of the higher rate of returns.

United Kingdom, Finance, Government securities, Property

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Station plan spurs ice rink partnership in Richmond

Article Abstract:

Plans to develop Railtrack's railway station in Richmond, England, include 37,675 sq ft of retail space on the ground floor and a further 80,732 sq ft on two upper floors. The local council is now also considering including a new international ice rink in the scheme. This would be situated above a neighbouring multi-storey car park, and further leisure facilities could be included.

All Other Amusement and Recreation Industries, Local and suburban transit, Amusement and recreation, not elsewhere classified, Railway Stations, Commuter Rail Systems, Ice Facilities, Design and construction, Buildings and facilities, Skating rinks, Railroad stations, Richmond upon Thames, England

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Agents' prospects caught in confusion: conflicting reports on the state of the market cannot conceal a slowdown

Article Abstract:

It is proving very difficult to identify clear trends in the UK property market. The market is in a strong position to withstand world economic slowdown, but the situation is becoming more challenging for firms which rely heavily on deal flows to produce profits.

Economic aspects, Real estate industry

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