Smaller markets to outperform during the correction (Q1 2009)

Over the next two years, falling capital values, generated by rising yields mean that total returns are likely to be low or even negative in many Euro-zone property markets with the smaller markets the most likely to buck that trend. On average, in 2009 and 2010, none of the five largest Euro-zone economies will deliver positive all-property total returns. (See Page 3, Charts 1 to 8.)

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