Over their usual Sunday drink at the St Bride’s Tavern, Bull and Bear view the Good, the Bad and the Ugly features of the current UK property market.

The MSCI/IPF Q3 and the CBRE October Monthly Performance numbers, which were published during the week, combined to make uncomfortable reading.
However, the recent hike in property yields and lower gilt yields has repaired some of the spread which will be required to attract buyers back into UK property.
Meanwhile, property funds are now being targeted for redemptions to help our domestic db pension funds realign their portfolio weightings following the LDI debacle last month.
Notwithstanding these headwinds, and the expectation of an unpalatable Autumn Statement on Thursday, Bull sees the opportunity to pick up ‘cheap’ deals.
Enjoy your Sunday.