EPRA: Germany overtakes UK as Europe’s largest listed property market
The value of Germany’s listed real estate market surpassed that of the UK by 7.2% during the first quarter of the year due to an outperformance by German real estate stocks.
In the latest Global Real Estate Total Markets Table, the European Public Real Estate Association (EPRA) revealed that at the end of March, the total listed real estate sector in developed Europe was valued at $490bn (€405.7bn), representing 6.35% of the region’s Commercial Real Estate (CRE) value of $7.7trn
In that group, Germany’s listed real estate sector led with $107.28bn followed by the UK and France adding $100.09bn and $93.57bn respectively.
A year ago, the total listed real estate sector in developed Europe was valued at $383.10bn as the UK added $82.31bn and France holding the second position with $79.18bn. Germany listed real estate sector value was $69.06bn as at the end of March 2017.
During the first quarter of 2018, the EPRA Germany Index gross total return was 1.62% compared with the EPRA UK Index of -0.25%.
EPRA said North America’s estimated value of the CRE sector as at the end of March 2018 was over $9.1trn as the US contributed $1.05trn to the value of the listed real estate sector’s $1.12trn amount.
The estimated value of the CRE sector in the Asia-Pacific region was around $4.1trn and the total value of listed real estate in the region was $789.66bn.
Hongkong topped the listed real estate contributors in the region as it added $316.88bn followed by Japan with $252.61bn.