Properties companies are being seen as too great a risk by investors as interest rates continue to climb.
Fears of a 15th consecutive rise has led to a sell of property stocks, with British Land, recently relegated to the FTSE 250, falling by 5.3% at the close of the week to 316.75p. Great Portland Estates fell by 3% to 415.5p.
UK Commercial Property REIT slid by 2.7%, while Supermarket Income REIT slipped by 2.1%.
Traders are betting on more pain to come for the nation’s real estate, selling off stocks in REITs in favour of far less risky government bonds.
