The property market is still booming and real estate practices across the City are revelling in the conditions. Record deals and through-the-roof rents continue to keep the market rocketing along, and even a rise in interest rates shows little sign of slowing down the market.

One area of increasing importance in the sector is the property derivatives market, which is now an established product, but yet to develop into a mature market. This Property Special Report looks at some of the current options being explored by lawyers in this field.

The report also examines planning issues, as the industry moves to cope with the unwieldy UK system. The Lawyer examines the implications of the Environmental Impact Assessment regime, turning the spotlight on a new system currently being trialled in Milton Keynes.

It also looks at the latest developments in the Crossrail project as it makes its way through the Commons Select Committee.