Dutch real estate returns fell to 7.1% in 2003, from 8.8% in 2002, according to data from ROZ/IPD. “Property maintained its middle ranking position in comparison with the other two main asset classes which both experienced a reversal of fortunes,” ROZ/IPD said.
“Over the last nine years, property has delivered better returns of 11.9% per year, comfortably ahead of equities and bonds, at 9.5% and 7.9% per year respectively. Property equities have delivered returns of 10.7% per year over the same period.”
The returns were: retail - 9.1%; office - 4.8%; residential - 7.1%; industrial - 6.5%; mixed/other