Commercial property10 Jun 2009 17:52
IPI are in commercial property. House prices have little or no impact on commercial or industrial values. IPI has minimal exposure to Spain and Germany in terms of their portfolio...that's good in the current european climate. Their major interests are in the UK. Although highly geared IPI appear look to be seriously undervalued , even taking account of the severe decline in the value of their property portfolio. I have cica £20k in IPI and content with the risk as there are indicators that they have 'bottomed out'. Hope this helps.