Global property returns down

Global property funds returned an average of 10.6% at net asset value during the year to June, according to MSCI’s IPD Global Quarterly Property Fund Index.

The performance of the funds was slightly down on the annual performance from March when a 12.5% return was registered. Returns peaked in December last year on a four-year high at 13.5%.

The total return in the quarter to June stood at 1.8%, compared to 1.9% recorded in the quarter to March. Asia-Pacific recorded a total return of 2.4%; North America, 2%; and Europe lagged behind with 0.5%. Both Asia-Pacific and North America returns outperformed equities, which returned 1.5% during the period.

Ken Greguski, executive director, MSCI, said: “We continue to see gradual moderation in the performance of property funds after the index recorded a four-year high at the end of 2015. However, we are still seeing double-digit returns, which reflects the reliability of real estate investment.”

Other News

C&W predicts jump in European investment

Investment into European property will rebound with 6.3% growth in volumes in 2017 despite rising inflation and political volatility, forecasts from Cushman & Wakefield’s 2017… Read more »

G Global

2016 global top 100 real estate owners

Only the US, China, Japan and Germany have GDPs larger than the total assets held by Estates Gazette Global’s top 100 real estate owners. This… Read more »

G Global

Centres of excellence

The top 100 richest cities in the world account for around one-third of global GDP. To access 25% of available global output, you would need… Read more »

G Global