At 19.3% IPD all-property returns for 2014 were roughly double the consensus forecast made in late 2013. Both we and the consensus expect returns to moderate, to around 10% this year, as the pace of yield compression slows. However, the strength of both investor and occupier demand shows few signs of abating, suggesting that another upside surprise could well be on the cards this year.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.