Irish commercial property returns tumbled -13.9% in the third quarter; Year to date total returns stand at -21.2%

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News : European

Last Updated: Apr 24, 2009 - 5:31:05 PM

Irish commercial property returns tumbled -13.9% in the third quarter; Year to date total returns stand at -21.2%
By Finfacts Team
Nov 4, 2008 - 2:38:23 PM

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The total return on the SCS / IPD Irish Quarterly Property Index, which measures commercial property performance, tumbled -13.9% q/q over the three months to 30th September 2008, eclipsing the record quarterly returns fall posted the previous quarter.

Year to date total returns now stand at -21.2%, wiping out gains accrued since Q3 2006.

The SCS / IPD Irish Quarterly Property Index measures the returns to directly held standing property investments from one open market valuation to the next.

Additional indices are calculated covering the major sectors of the Irish property market.

Annualised total returns over three years to September 2008 are significantly down compared to the previous quarter, at 6.1%.
Total returns on the All Retail index fell by a significant -17.3%, owing to a -18.1% decline in capital growth for the hard-hit sector.
The SCS / IPD Irish Quarterly Index is based on a €4.5bn sample of 327 properties from 12 portfolios.

London-based IPD is a leader in performance measurement and analysis for the global owners, investors, managers and occupiers of real estate.

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