Friday, Jan 18, 2008
Panic
BBC: Exit delay for property investors
A rush to withdraw money from its commercial property funds has forced Scottish Equitable to introduce delays of up to 12 months for its customers.
Posted by seanb303 @ 07:51 AM (254 views) Add Comment
2 Comments
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1. paul said...
People having their economic freedoms curtailed by this kind of exit blocking should really be made illegal.
2. seanb303 said...
if this starts a panic across all property funds
you will see a massive increase in comercial and residential property hitting the market and auctions
with loads going unsold sending prices in to freefall