'Within the first three months of 2002, institutional investors have spent £55 million ($80 million) more than they did throughout the whole of last year' said Gerald Eve Senior Analyst Guy Weston. And he calculates that there is over £2 billion ($2.9 billion) of new institutional money allocated to property for the next 12 months.
But at the same time Gerald Eve's latest Investmentbrief report warns that private investment--which has dominated the market in recent years--is likely to tail off following the closure of Stamp Duty loopholes in last month's budget.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
