Switzerland has become Europe's first real estate market to produce positive capital growth for 2008, at 1.2%, according to the IPD Switzerland Annual Property Index. Switzerland has also produced the Continent's highest nominal total returns for 2008, at 6.1%, a full percentage point down on 2007 but surpassing the 5.9% return recorded in 2006 - the last of the full calendar 'boom' years for the majority of global property markets.
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