Investor News

Fund Managers Turn Away From the UK

A multibillion-pound tide of money pouring into commercial property is starting to turn away from Britain in favour of the Continent.

Only one in five of the investors who controlled the €620 billion that went into property last year believed that returns from UK property during 2007 would exceed those in the previous 12 months.

Asked the same question this time last year, two in three of the same group of investors believed that returns in the UK would be up over the year.

The findings were revealed in a survey of 60 influential investors and banks compiled by King Sturge, the commercial property agents.

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House Builder Predicts Slow Growth for UK Property....

Shares in Marshalls fell March 9th after the building materials group said that poor weather conditions had dampened trading in early 2007 and predicted that the domestic market would remain subdued for the rest of the year.

A flat start to the year and a muted domestic market, which accounts for half of Marshalls’ revenues, sent the company’s shares down 5p to 340p in early trading. The Construction Products Association (CPA) estimates that the domestic market will increase by just 1 per cent in 2007, and remain flat in 2008.

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