Total returns for the SCS/IPD Irish Quarterly Property Index were -9.3% in the first quarter of the year, compared with -16.8% in the last quarter of 2008. The return for the year to March 2009 stands at -39.1%. Capital growth was -10.9% in the first three months of 2009, less severe than the -18.0% recorded in the fourth quarter of 2008, whilst income return also edged up to 1.7%.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
