Financial Times FT.com

Investors warned to avoid property

By Jim Pickard,Property Correspondent

Published: February 4 2006 02:00 | Last updated: February 4 2006 02:00

Investors should steer clear of buying UK properties for the next few years, the head of real estate at HSBC Private Bank has warned.

Willie Gething, managing director of property at the organisation, said the market - with the exception of London - looked like a bad bet, in terms of net yields and likely price increases.

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