Slow and steady wins the real estate race, according to veteran analyst Alan Carter at Evolution Securities. He’s proved the point in his latest research note by plotting the ten-year share price performance of Land Securities, the UK’s largest real estate company, against three continental European giants Unibail-Rodamco, Eurocommercial and Wereldhave. As the graph shows, Land Securities lags the field.

According to Carter, Unibail's total shareholder returns were 7 times Land Securities in the noughties.