Results of the Q4 Pension Real Estate Association consensus forecast survey show the asset class is expected to return an annual average of 8.2% over the five-year period ending 2017; 5.8% is expected from income return, with the remainder attributed to appreciation.
By property type, industrial properties are expected to see the highest returns at 8.6%, followed by retail (8.4%), office (8.1%) and apartments (7.8%).
