Irish equities outshine property

IRISH equities are outperforming property investment by more that three-to-one with property giving a return of 8.8% over the last 12 months compared to a 27.5% return on equities, it emerged yesterday.

Results for the third quarter from the London-based Investment Property Databank (IPD) show that Irish equities outperformed property with equities giving a return of 5.4% compared to a 3.6% return on property.

IPD's Irish Property Index covers 344 properties, worth €3.7bn around 85% of all institutional investment in the market.