The manager of the UK’s largest open-ended property fund, which has been selling properties for more than two years, expects to start buying early next year to take advantage of a turnround in the market.

Philip Nell, manager of the £1.3bn (€1.5bn) Aviva Investors Property Trust, said: "We will continue to sell property in the near term. The likelihood is that we will sell in the third and fourth quarters, and might look at buying again in early 2010."