The FTSEpx All Property TR index fell by 0.6% in October, hit by the cooling in the UK property market, which has started to affect the values of the underlying properties in the index, said index manager MSS. While the decline in asset values of UK commercial property had been anticipated for some time and, the credit crunch in the capital markets has made he dip more dramatic than anticipated, the company added.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
