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The moving market

Property derivatives have so far been largely a UK phenomenon, but there are signs that the concept is now starting to catch on in Australia, Europe and Hong Kong. Is this the beginning of a truly global property derivatives market? Alexander Campbell finds out

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Property derivatives trading has exploded over the past year. The total accumulated trades on UK commercial property reached £4.68 billion at the end of 2006 - an increase of £3.57 billion over the year before, according to figures from the Investment Property Databank (IPD), a London-based property research and index provider. The vast majority of activity has been centred in the UK, but pockets

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