Research Center - International
Direct Private Real Estate Returns
In the earlier part of the decade, the UK market had been one of the strongest performers but in a precipitous decline aided by the Brexit referendum result, the country recorded the lowest total return in the Global index at 3.9 percent in 2016.
For U.K. based investors, the depreciation of the pound makes unhedged U.S. performance look rather attractive. For Canadian or Japanese investors by contrast, the picture changes depending on the return horizon.