World Property Indices and Performance
Authors
24 October 2008
Slump in US property expected into 2010 [4]
Real estate investors and professionals in the US believe property prices will continue to slump well into 2010 according to an annual survey of the industry.
Between 15 and 20% losses in real estate values are expected in 2009, according to the survey of real estate agents, investors, developers, lenders, brokers and consultants by Pricewaterhouse Coopers and the Urban Land Institute.
20/5/2006
The S&P/Citigroup Global Property index was up 13.8% for the first quarter while the S&P/Citigroup World REIT index grew by 12.5% during this period[1].
The S&P/Citigroup Global Property index was up 13.8% for the first quarter while the S&P/Citigroup World REIT index grew by 12.5% during this period[1].
Over the last five years (ending 2006) the S&P/Citigroup World REIT has had annualised returns of over 23%. In absolute terms, the growth has been more than three times.
In 2006 S&P/Citigroup Global Property Index rose 41.4% and the S&P/Citigroup World REIT Index grew 39.1%, versus the 21.8% return from the S&P/Citigroup Global BMI index[2].
2. http://www.taiwanratings.com/%5Cen%5Cnews%5CPress_Release%5CSandP%5C2007%5CEn_AsiaREIT02062007.asp
October 2008 Performance of S&P/Citigroup World Property Index[3]
|
Index Performance |
1 Month |
YTD |
1 Year |
3 Year |
5 Year |
10 Year |
|---|---|---|---|---|---|---|
|
S&P/Citigroup World Property Index |
-9.5% |
-23.8% |
-31.5% |
1.1% |
11.7% |
11.4% |
ING analysts are now looking for earnings growth of 3.5% in 2008 and 2.7% in 2009. These estimates are down from expectations at the start of the year of 11% growth for both years. It is worth noting that the estimate is still positive growth in earnings in the coming year.
References
2. http://www.taiwanratings.com/%5Cen%5Cnews%5CPress_Release%5CSandP%5C2007%5CEn_AsiaREIT02062007.asp
3. Global Real Estate Market Commentary, October, 2008, by ING Clarion Real Estate Securities
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