IPD said its Spanish Property Index showed a total return on All Property of 12.5% for 2007, lower than the 2006 return of 16.9%. However, property still outperformed the equity and bond markets in 2007, which returned 10.7% and 1.7% respectively. All Property income returns fell to 4.8% in 2007, compared to 5.1% in 2006 and were the lowest recorded returns in the history of the Index. Capital growth also fell away, from 11.3% in 2006 to 7.4% in 2007.
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