The Financial Times looks at industry concerns over the widely differing evaluations made of performance in the property sector.
The issue has come to a head with objections by the British Property Federation to changes in the Investment Property Databank (IPD) index.
These centred on the decision of the IPD to backdate previous year’s returns each year as new constituents joined the index. But there are also concerns about how other factors can distort the index. The Financial Times argues the case for a universally agreed standard of measurement.
- Financial Times 20/03/98 page 10
