Euro property index claws back ground in March

The FTSE EPRA/NAREIT Europe Index in March clawed back some of its January and February losses, with Sweden and the UK booking strong returns, according to the European Public Real Estate Association.

The UK saw returns rise to 4.3% in March, but this was not enough to bring year-on-year returns in the black. The top European performer in March was Austrian-based Sparkassen Immobilien with gains of 23%, followed by the UK’s Marylebone Warwick Balfour with 20%. March was a difficult month for major German players, with losses across the board and Patrizia Immobilien falling by more than 20%.