| US real estate value growth fell in the first quarter of 2011 to 1.1%, a 150 basis point decrease from December last year, according to the IPD US Quarterly Property Index. While growth slowed, the US commercial property market has now recorded a full year of positive capital growth, amounting to 9.4%.
Simon Fairchild, IPD Managing Director, speaking at the launch, held at the Langham Hotel in Boston, Massachusetts, said, "While the US real estate market continues to claw back some of the value losses it experienced in 2008 and 2009, the recovery is patchy and the pace of capital appreciation slowed in the first quarter of 2011," says Simon Fairchild, IPD Managing Director..............................................Full Article: Source |