000 01096cab a2200241 4500
001 ABS54719
008 090401t1996 xxu||||| |||| 00| 0 eng d
035 _a(Sirsi) u11953
041 _aeng
100 _aMiles, D.
245 _aProperty and inflation
260 _c1996
350 _a0
490 _aJournal of Property Finance
_v7(1) 1996, 21-32(7)
520 _aReviews the evidence on the inflation-hedging 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. References. (Journal abstract)
650 _aPROPERTY-COMMERCIAL PROPERTY
650 _aHEDGING METHODS
650 _aINFLATION
650 _aINVESTMENT PROPERTY
690 _aPROPERTY-PROPERTY FINANCE AND INVESTMENT
942 _n0
948 _c04/03/1997
999 _c7643
_d7643