UK commercial property: forever blowing bubbles

George Hay UK commercial property could do with more Dubais. At least one of the emirate’s investment vehicles has started selling London property assets at a loss, to help relieve its debt burden. If other indebted domestic and foreign investors follow suit, it might limit a bubble currently forming in the market. Earlier this year rising prices seemed welcome, after a 45 percent drop in average values since 2007. But today’s rising prices are being increasingly fuelled by a mad dash to secur...