> > What a load on nonsense you talk. By this definition no one would ever lose any money on any asset; it would just be a matter of waiting until the asset value rose again.
Ever heard of the concept of 'yields?' The things that have been falling like a stone in the London property market way before the banking crisis? Steve I suspect that a good proportion of the property is relatively long leases so unless the tenant goes bust the yield in pounds will stay pretty stable. During my 38 years as an accountant in Local Government and Universities we never revalued our freehold properties as we had no intention of selling them so it saved the considerable cost of getting them revalued every year. Colin [Non-text portions of this message have been removed]
