The total return on the SCS/IPD Irish Quarterly Index fell to 1.0% in the fourth quarter of 2007 from the previous quarter, according to figures from Investment Property Databank (IPD). While the total return for 2007 was a robust 9.9% on the previous year, it was well below the 27.2% year-on-year total return achieved in 2006. In the third quarter, the index booked a 3.3% quarter-on-quarter return.
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.
