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
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