Total UK property returns in 2015 were 13.1%, according to the latest IPD UK Quarterly Property Index from MSCI.
Growth slowed in the second half of 2015, with the final quarter to the end of December seeing a reduction in returns to just 3%.
Income growth remained buoyant with rental income up 1% quarter-on-quarter, but capital growth continued to slow, delivering a 1.7% return in the final quarter.
Over the 12 months, rental value was up by 4%, helping to boost overall income returns to 5% by the year end.
Total returns in 2015 for city offices were 19.7%, behind central London retail, which returned 24.1%.
West End offices also performed strongly, returning 19.3% in 2015.
However, supermarkets only returned 2%.
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