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Rates rise fears hit property stocks

UK property stocks have taken a further tumble amid fears that the Bank of England will hike interest rates even further.

Landsec shed 1.4% to 614p, while purpose-built student accommodation provider provider Unite dropped by 1.1% to 927.5p and LXI REIT fell by 2.1% to 91.5p.

Among the housebuilders, Persimmon fell by 2.2% to £10.72 and Berkeley Group Holdings slid by 1.1% to £42.13.

The Times (£)

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