PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
Resilient income keeps Portugal RE 2008 returns positive - IPD
Portuguese commercial property provided total returns last year of just 2.6%, well down from the 12.2% in 2007, according to the Investment Property Databank. All-property initial yields moved out by 30bp over the 12 months to December, ending the year at 6.0%. Income return last year was level with 2007 at 6.1%, and sustained across all sectors, ensuring total returns for 2008 remain in positive territory. However the slide in capital values across the three key sectors was driven by rising yields.