BB&J Commercial can report that the UK’s leading real estate stocks have joined the wider London Stock Exchange in showing signs of recovery today. Despite prices plummeting following the economic turmoil of the last week, the FTSE 100 have witnessed trade increase by 0.69% this week.
Markets have positively responded to the Prime Minister and Chancellor of the Exchequer meeting Members of the Office to negotiate financial planning. This follows the economic downfall of the last week which saw the pound crash and the Bank of England make a £65 billion intervention, after the announcement of the mini budget.
The pound rose to $1.12 against the dollar today, nearing the same level it was before the mini budget, which shows steady signs of recovery.
Leading real estate stocks are steadily recovering after they plummeted last week.
At 11:45am Landsec was up 2.19% at 513.8p per share, Segro was up 2.76% at 736.4p, British Land was up 1.65% at 345.4p, Hammerson was up 4.07% at 17.915p and Regional REIT was up 6.10% at 62.6p.
