So, today Scottish Equitable locked the doors on its property fund in order to halt panic selling. Yet only yesterday Morgan Stanley raised its six-month rating on property stocks, making British Land Co. and Segro top UK picks. Here's Bloomberg:

U.K. real estate stocks rose in London trading after a Morgan Stanley analyst said the group may gain at least 20 percent in the first half as the Bank of England cuts interest rates to avert a recession.

Furthermore:

JPMorgan Chase & Co. analyst Harm Meijer yesterday said investors should ``think contrarian'' and start buying real estate stocks. Last year, the shares fell 38 percent, more than any other industry in the FTSE All-Share Index. London-based Meijer said British Land and Segro were his top U.K.

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