Property investment is increasingly attractive

Property is offering returns comparable to equities but with lower risk, according to property specialist LaSalle Investment Management. The group said over the last five years to December, annualised returns from the direct property IPD index were 12.7%, compared with 13.7% for the FTSE All-Share. Direct property investment has also outperformed the All-Share over one and three years, with the IPD up 12.2% on an annualised basis over three years compared to 9.8% for the All-Share. Over one year, the IPD is up 10.4% while the All-Share is down 5.9%. Jeff Jacobson, chief executive office...