Property and inflation
David Miles
(Merrill Lynch, UK)
5771
Abstract
Reviews the evidence on the inflationâhedging characteristics of UK commercial property as an asset class. That evidence suggests that commercial property is a very imperfect hedge against unanticipated inflation. Furthermore, the returns have been substantially lower than on equities and residential property. Describes and considers new financial contracts which might allow investors to gain exposure to movements in house price without becoming landlords.
Keywords
Citation
Miles, D. (1996), "Property and inflation", Journal of Property Finance, Vol. 7 No. 1, pp. 21-32. https://doi.org/10.1108/EUM0000000000001
Publisher
:MCB UP Ltd
Copyright © 1996, MCB UP Limited