Is property dull and boring or is it a vehicle for social change?
‘Safe as houses’ is an expression that underlines the widespread belief in residential property as a reliable long-term investment, and commercial property plays an important role in most asset allocation models. Yet ethical investors have not always been well served by this asset class and have either ignored property as an investment or used conventional property funds. Sometimes regarded as ethically neutral – they may be less contentious than other investments – this is not necessarily the case. Carbon footprints Firstly, buildings have a large carbon footprint, being respons...
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