Real estate rises from the ashes

The British Property Federation's Andrew Teacher looks at how a hung parliament would affect the property sector

Summer has come early for many, not least for real-estate investment trusts (Reits). According to industry metric, the Investment Property Databank, UK commercial property has risen by 13.1% between August 2009 and the end of March, following a two-year period of trauma, rights issues and redundancies. Mothballed landmark buildings like the Shard and the Heron Tower in central London are finally seeing the light of day as some kind of concrete salute to economic recovery. The latest Reita Expert Panel survey, which quizzes the industry’s leading executives, has suggested the recovery is ...