| From Europe-re.com: IPD has released half yearly results for the French property investment market for the first time, reporting a database value of €30.8 billion through to June 2008. The All Property total return to this new IPD French Biannual Indicator was a mere 0.6% for the six months to June 2008 - a significant drop from the 17.8% twelve-month total return recorded to the end of December 2007.
A fall in capital values was the main factor contributing to this reversal, with a 6-month capital growth figure of -1.9%, compared to 11.8% for the twelve months to December 2007. Property nonetheless outperformed both Equities and Bonds over the six-month period, which returned -19.3% and -0.8% respectively. Retail was the top performing sector during the first half of the year with a total return of 4.3%, followed by Industrials at 1.3%, and Offices at -1.1%..... Full Article: Source
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