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IPD: Supermarkets performance down in 2014

FINANCE: Supermarkets were the worst performers of 2014, according to the latest IPD UK Quarterly Property Index, recording the only year-on-year fall.

The sector returned 7% in 2014, against 11% in 2013. Overall, UK real estate values rose by 17.9%, the highest level since 2005.

The industrial sector was the darling of the market, returning 23.1% over the period.

Phil Tily, executive director and head of IPD UK and Ireland, said: “2014 was the year UK property performance surpassed most people’s expectations.”

amber.rolt@estatesgazette.com

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