Property index delivers worst monthly returns on record

The UK IPD index delivered its worst monthly return on record in November. The index which measur...

The UK IPD index delivered its worst monthly return on record in November. The index which measures ungeared monthly returns of direct property investment ended the month down 3.6%. This was the worst monthly total return on record, beating the -1.8% recorded in May 1990. The Monthly index is based on both balanced and specialist property unit trusts, pooled pension schemes and unit-linked insurance funds. It uses a sample of 4,209 properties held in 73 portfolios, worth £53.8bn that accounts for 16% of the total UK market.