Regular: Investment Comment - Bursting the property bubble.

Property equities are increasingly in demand from a wide range of institutional investors as a result of structural shifts in investment and savings patterns. In particular, the ageing populations of the world's developed economies are creating greater demand for income, capital stability, inflation-hedging and diversification through liquid investments. These requirements, and the low yields available from equities and bonds, mean that higher allocations to property equities are a natural choice for many pension funds and insurance institutions. Over the past few years we have se