Commercial property

Money pouring into the sector is an indicator it may have another good 12 months, but yields have fallen quite a bit in the past few months as a consequence. Sentiment is good and, outside London, there is still some value. The London residential housing market is a potential bubble candidate (now the most expensive housing market in the world by price per sq ft) and average prices are now about 14 times the median London salary, although I think a crash is unlikely in the near term if the UK economy continues to do well. My instinct is that we still have a few more years of gains before the next crash.

Chelsea Selection or Elite Rated*: Henderson UK Property

*by fundcalibre.com