In the third quarter, all 21 countries in the MsCI Global Quarterly Property Index delivered positive total returns for investors. We are beginning to see consistency in this data - over each of the last five quarters, at least 19 countries have generated positive total returns. Values rose in 15 of 21 countries, with income more than offsetting the fall in prices in the other six. OPINIONPIECE.PLEASESEEIMPORTANTDISCLOSURES INTHE ENDNOTES.
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