Jones Lang LaSalle is incorporating a “style index” into its quarterly UK property index.
This compares the performance of “growth”, or high-yielding real estate investments, with that of “value”, or low-yielding, assets, paralleling the way equity market analysts classify shares.
“It’s an interesting period to start doing this, with all the uncertainty in the market,” said Sue Foxley, associate director of UK research at JLL.
Returns from value stock – the prime end of the market – are still on a downward trend while growth stock rallied slightly in the third quarter as capital values fell at a slower rate.
EGi News 02/11/01
