A December rally by European listed property wasn't enough to lift the GPR 250 index for the region into positive territory for the calender year 2016.
European real estate stocks - as represented by the GPR 250 Europe Index - ended 5.4% higher in December 2016, but the total return for 2016 came to -5.0%.
Belgium (14.1%) was the big winner for the year, while returns for UK-listed real estate covered by GPR plunged to -22.6%.
Returns for the individual country markets in December, expressed in euros, were as follows. The full-year results are in brackets.
Netherlands 8.5% (-6.1%)
France 7.9% (2.7%)
United Kingdom 7.1% (-22.6%)
Spain 7.1% (-5.0%)
Belgium 4.3% (14.1%)
Sweden 3.6% (4.3%)
Germany 2.7% (9.2%)
Switzerland 1.1% (9.7%)
Austria -2.1% (0.6%)
The GPR 250 Europe index closed 1.3% lower in November, extending the losses booked in October.
The GPR 250 returns per region in December and the calendar year 2016:
GPR 250 Global 3.8% (8.4%)
GPR 250 Africa 8.4% (34.1%)
GPR 250 Americas 5.0% (10.7%)
GPR 250 Asia -1.2% (7.5%)
GPR 250 Europe 5.4% (-5.0%)
GPR 250 Oceania 5.5% (16.6%)
