European listed real estate, as represented by the GPR 250 Europe Index, finished 1.3% higher in December 2014, giving a total return of 25.5% for the calendar year 2014.

European listed real estate, as represented by the GPR 250 Europe Index, finished 1.3% higher in December 2014, giving a total return of 25.5% for the calendar year 2014.

The biggest winner of the year was Germany (47.2%), while Austria (-19.5%) was the only European country to close the year in negative territory.

Returns expressed in euros for the individual European country indices for December were as follows, with the 2014 return in brackets:

• Germany 7.3% (47.2%)
• Italy 3.7% (2014 result not given)
• Belgium 2.3% (14.3%)
• Sweden 1.2% (22.7%)
• UK 0.9% (32.0%)
• Netherlands 0.7% (26.7%)
• France -0.2% (16.9%)
• Switzerland -0.4% (15.1%)
• Spain -6.5% (2014 result not given)
• Austria -9.2% (-19.5%)

Globally, the results were as follows:

GPR 250 Global 3.1% (31.3%)

GPR 250 Africa 0.1% (7.5%)

GPR 250 Americas 4.1% (45.0%)

GPR 250 Asia 1.4% (26.6%)

GPR 250 Europe 1.3% (25.5%)

GPR 250 Oceania 3.3% (32.5%)