Peter Hobbs: U.S. Strength in the IPD Global Index

Peter Hobbs, senior director of Group Business Development at IPD, discusses research from the IPD 2010 Global Index. The report looked at 23 markets and found a 9.5 percent return on a local-currency basis for 2010, compared with --8.2 percent in 2009. The United States and the United Kingdom made the strongest returns, largely a result of those markets falling the most during the recession. The report also found that multifamily was the top performing asset class in the United States for 2010.