| Total returns for all non-listed real estate funds suffered a significant drop from 1.5% to 0.8% in local currency in the second quarter of 2011, according to the latest INREV Quarterly Index. Capital growth moved sharply down from 1.0% to 0.2%, marking a backwards step from the first quarter of 2011, when capital growth saw a historic increase to drive up total returns overall.
Taking the figure for continental Europe, the drop is even more marked, with total returns down from 1.5% to 0.4%; and capital growth falling from 1.0% to -0.2%..............................................Full Article: Source
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