European commercial property delivered a much improved euro-denominated total return of 3.7% in 2009, according to the IPD Pan-European Annual Property Index, compared to -11.4% in 2008. Stripping out the quite modest currency adjustments of the year left the 2009 return still just in positive territory, at 1.4% (-4.4% in 2008).
Related posts:
- UK commercial property delivered a 14.5% total return in 2010 – - the strongest gain for four years
- Global commercial property – - measured in local currency – - delivered a 9.5% total return in 2010
- Irish commercial property annual return in 2010 was -2.4% – - up from -23.3% in 2009; Dublin’s Grafton Street plunged -68.4% in value in 3 years
- European commercial property investment on a rebound; UK capital growth in December 2009 highest in 16 years
- Irish commercial property total return in Q1 2011 was 0%; Prices down 61% from 2007 peak