UK property swaps Q2 trade up 67% on year


UK commercial property derivatives trading hit £1.62 billion ($3.21 billion) in the Q2, a 67% gain on the same period last year, data from Investment Property Databank (IPD) showed on Friday.

“The substantial increase in year-on-year volumes reflects the continuing strength in the growth of the derivative market at a time of setbacks in both values and trading volumes in the physical market,” said Nick Scarles, group finance director of privately owned property firm Grosvenor.

IPD’s data was broadly in line with dealer expectations but 52% down on the Q1, typically the market’s strongest quarter of the year. IPD said a total of 302 trades were executed in the three months to end-June, surpassing the previous record of 283 transactions in the Q1 of 2008. It also said the total notional value of French property derivatives now exceeded £1 billion but that the European market was still UK-dominated. (Reuters)


The New Age of Commerce is Approaching Analysis

The New Age of Commerce is Approaching

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.