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Outflows were driven by a sharp increase in outright sell orders, rather than a buyer's strike, according to Calastone

Asset Management Correspondent

Investors pulled more than £180m from UK property funds during October, making it the worst month for the sector since June 2021 when the Delta variant of Covid was at its peak.

Figures from Calastone show a spike in sell orders for UK property funds last month in the weeks following the UK government's mini-budget announcement at the end of September.

UK property fund outflows hit £184m amid mini-budget and growth plan chaos

Outflows were driven by a sharp increase in outright sell orders rather than a buyer's strike, according to Calastone

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