New Year euphoria fades as shares drop

By James Whitmore, James Whitmore28 January 1999

The property share index dropped 4.3% to 1650 – three-and-a-half times worse than the 1.2% fall in the All-Share to 2665. The early January euphoria, when the property share index rose and was one of the better-performing FT sectors, is now over.

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