Skip to Content
Peter Hobbs

Peter Hobbs
Head of Real Estate Research

About the Contributor

Peter Hobbs is Head of Real Estate Research with a particular focus on IPD services. In this role, Peter oversees real estate research activities, covering existing and new services, research-related relationships with key clients, and interactions with research-groups in the broader MSCI business. Peter joined MSCI in 2013, following the acquisition of IPD and has 25 years of research and consultancy experience, helping develop investment strategies across global real estate markets. Peter holds a PhD in Economics from the University of Reading. He is a frequent speaker at industry events, and is a European Council member of ULI, a past Chair of INREV’s Research Committee and a member of the RICS.

Blog posts by Peter Hobbs

  1. Historically, the majority of global real estate returns have come from income, which has made up more than 80% of the total return over the past decade. In 2014, however, growth in asset values represented 43% of the total return — more than double its long-term average contribution.

  2. As an asset class, real estate typically has a high degree of home bias, especially when compared to equities and fixed income. However, this home bias is starting to erode, with asset owners in most countries already investing internationally or actively exploring options for building off-shore exposures.

  3. Global property has delivered another stellar year of performance of 9.9%, the fifth consecutive year of strong returns since the financial crisis, and the best performance since 2007. A series of countries performed particularly well over the past year, most notably Ireland with a record return of 40%, but also the U.K. (17.9%) and U.S. (11.5%).

  4. The classic 60:40 mix of stocks and bonds has shifted to a 40:40:20 mix of stocks, bonds and alternatives, according to the 2014 MSCI Asset Owner survey.

Back to Top