December 2024 marked the 24th consecutive month of net selling, according to funds network Calastone
Latest Calastone figures reveal a net outflow of £45m from property funds during October
Selling activity over the last quarter at half the monthly average of the last three years
Investors pulled £210m from funds over the past three months
There have now been more than £7.5bn of outflows from property funds since 2018
Volume is ahead of the average £57m monthly outflow
The sector shed over £600m in 2023, according to Calastone’s latest fund flow index
Investors withdrew a net £88m from property funds
But the first positive reading in more than a year does not mark a turning point, warns Calastone
Investors pulled £66m from funds in July, according to Calastone
Investors pulled £79m from UK real estate vehicles last month
Sector has worst month since January as investors sell down a further net £46m of holdings