IPD Global Cities Update: Marked Variations in Performance across Global Real Estate through 2012
IPD has released the mid-year results for global commercial real estate, finding strength in North American markets and continuing bad news for European investors.
The IPD Global City indices of unlisted real estate are based on the actual total return performance of assets and portfolios across global markets. The indices show that North America remains the strongest global region, led by Toronto with an annual total return of 14.2 percent to end Q2 2012. Major cities within the United States, including Chicago, Los Angeles and New York City, delivered strong returns in excess of 10 percent, and continue to show value growth despite the economic uncertainty.
Performance in Asian markets was mixed — the strength of Australia’s resource secto