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One of the United Kingdom’s property development heavyweights has seen large swathes of investors jumping ship and offloading their stock, British Land who sold the iconic “cheesegrater” building earlier this year to Hong Kong’s CC land, are seeing investors deciding there stock is now surplus to requirements.

British land shares were down 9.68p, or 1.6%, to 603.5p after HSBC downgraded from Buy to Hold.

“The large UK-proxy property companies are particularly prone to UK-centric economic and political events,” analyst Stephen Bramley-Jackson said.

“This leaves little opportunity for a share price surge, “underscored by a declining UK GDP growth trajectory”, he added.

The tensions playing out between the United States and North Korea are certainly not helping matters at the moment making many investors nervous, pushing many to limit their exposure and sell of any holdings in their portfolio that they have the slightest doubt about.

“Though the tensions between the US and North Korea have faded into the background due to the domestic crisis engulfing Donald Trump’s presidency, the start of military exercises between America and South Korea could spark a return to the kind of market-dragging nuclear rhetoric seen a few weeks ago,” Spreadex analyst Connor Campbell said.

On top of the North Korea situation Mr. Trump has matters much closer to home that are causing a huge amount of problems, with the recent incident in Charlottsville forcing the U.N to issue a rare warning to the United States about what they say is “alarming racism”.

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