European commercial property investment on a rebound; UK capital growth in December 2009 highest in 16 years

European commercial property investment is on a rebound and rose 40% in the fourth quarter of 2009, to the highest level since the collapse of Lehman Brothers in 2008. Last Friday, London-based IPD, a global provider of property market indices, reported that the final month of last year delivered the largest monthly capital growth in IPD’s 23-year history, at 3.0%, according to December’s IPD UK Monthly Index. The figure beats the 2.9% delivered exactly 16 years earlier in December 1993, at the end of the last major property recession.

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