Property funds lose £1.1bn despite suspensions


Property funds lose £1.1bn despite suspensions

According to Calastone, a fund network, property funds suffered £1.1bn of outflows last year, despite many of the biggest suspending dealing for months as the pandemic took hold. Outflows hit £315m in October, the third-worst month on record, and fell to £263m in November and £224m in December. The funds began to reopen after a forum of property valuers organised by the Royal Institution of Chartered Surveyors found that there was sufficient market activity to recommend a removal of warnings of “material valuation uncertainty” on British commercial property.


Read more: The Times

 

www.sardison.co.uk


Log into your account here, or click here to sign up!


Visit our website here for more news and product information, or click the button below to submit a short enquiry form for your finance needs.