Jones Lang LaSalle have today released their property index. It shows a steady start to the year with Overall Returns of 4.1% in first quarter.  

Offices had the greatest quarterly increase (+4.0%), followed by Industrial (+2.1%) and Retail (+0.3%). Overall Returns were +35.2% in the year to Q1 2015. This is driven by strong results in Q3 and Q4 last year, with modest growth in Q1. Despite these increases, the Overall Returns Index remains 12.4% lower than the peak of the market in Q4 2007.

Head of Research, Hannah Dwyer said, "After such strong results last year, which were at record levels, it is of no great surprise that results for the first quarter of 2015 haven’t performed as strongly. That said, Overall Returns are showing steady growth, driven by modest increases in capital values across all sectors. 

Although initial yields of assets in the portfolio have continued to compress across all three sectors, they are still offering steady returns for investors, with a 6.2% yield across the entire portfolio.” 

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