Sue Foxley, Head of UK Research at Jones Lang LaSalle said: 'With returns of 2.4% in Q1 2002, and 7.8% on an annual basis, property remains the leading performer through one to five years. This high quarterly return is largely attributable to a significant increase in net income of 1.6% over the quarter.'

And after a year of falling capital values, property returned to positive capital growth in the first quarter of 2002. But rental growth remained subdued: values increased by 0.3% in Q1 2002, in line with the previous quarter, although below the quarterly average of 0.8% in 2001.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Office