(To read more on the debt and equity markets, click here.)
LONDON-European property investment in 13 produced returns of10.4% last year, according to a new pan-European index launched byInvestment Property Databank. Real estate investment returns wereup from 7.4% in 2003 and 7.3% the year before in local currencyterms.
IPD is launching a Europe-wide index to meet what it sees asgrowing demand for clear data on investing in property, which hasdrawn big inflows in recent years from investors burned by the endof the dot-com boom in stocks.
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