Sold on property derivatives?

The property derivatives market is starting to gather pace in the UK. However, a shortage of hedgers means there's unlikely to be a sudden rush of deals in the near term. By Alexander Campbell

Derivatives have emerged on just about everything, from interest rates to freight to weather. Property, however, has remained out of the picture – until now. The first property swaps were transacted in the UK at the end of last year, and while several attempts to get these products off the ground in the past have ended in failure, bankers reckon that this time, the property derivatives market