UK property funds continued their recovery in the second quarter, returning 2.1%, according to INREV’s latest Quarterly Index Update.
Non-listed European property funds returned 2.4% in the quarter as core fund returns jumped from 1.85% to 2.25% and value-added funds returned 3.55%, up from 2.22% in Q1.
Although Dutch funds, which delivered 3.9% returns, were the strongest performers, UK, French and German funds also saw growth in average returns.
Residential was the strongest sector, returning 3.7% to investors, with industrial and logistics in second place with 2.7% total returns.
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