Saturday, December 15, 2007

Old regions offer best real estate returns

Property investors looking for the next exciting far-flung part of the world should perhaps search instead in more traditional markets.

Some professional investors see value in Britain, following the torrid past few months.

“The best value is in the UK at the moment,” says Rob Randall, head of property at Matrix Group, investment manager. “Of course, emerging markets have been doing well, but for real value you can’t argue with UK real estate investment trusts trading at 40 per cent discounts to net asset value.”

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