Tough 2009 looms for open ended UK property funds

Article Date : 20 December 2008
News Section: United Arab Emirates

More redemptions, fund closures and forced sales could beckon in 2009 for UK open-ended property fund managers, a year after an investor exodus sparked suspensions, which they had hoped were temporary. Britain's property market cooled rapidly just before Christmas 2007, triggering a deluge of...

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