Global

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

Greater London’s planning application hotspots

EG has picked out the top eight London postcodes that have seen increases in planning applications. The hotspots, located mainly across outer London, averaged just three… Read more »

G Global

Blockade means uncertainty for future of Qatari investment

There can be absolutely no doubt about the extent of Qatar’s heavy investment abroad in recent years. Since 2004 the gas-rich Gulf state has invested… Read more »

G Global

UK owners still dominate London office ownership

Cash from around the world has poured into the capital’s business districts in recent years, but domestic owners still rule the roost. Looking at office… Read more »

G Global