ABSTRACT
The popularity of property as an investment has, over recent decades, increased or decreased depending on several factors. These include the availability of more liquid forms of investments, such as shares as in the early/mid-1980s, or the attractiveness of index-linked gilts in the 1970s. Varying economic conditions also dictate the amount of investment into property. The performance of property relative to equities began to improve in 1987 and this trend was accelerated by the crash on the stock market in September of that year, now generally referred to as “Black Monday”.
