Property and inflation

Abstract

Reviews 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.

Citation

Miles, D. (1996), "Property and inflation", Journal of Property Finance, Vol. 7 No. 1, pp. 21-32. https://doi.org/10.1108/EUM0000000000001