Listed European real estate returned - 6% in May, following a - 2.3%return for the month before, according to GPR 250 Europe index. Switzerland (1.4%) and Sweden (0.3%) were the only European country components in the indices with a positive result.
Listed European real estate returned - 6% in May, following a - 2.3%return for the month before, according to GPR 250 Europe index. Switzerland (1.4%) and Sweden (0.3%) were the only European country components in the indices with a positive result.
All the other countries ended May in negative territory. The worst performers were Greece (Babis Vovos) (-21.7%); Norway (Norwegian Property) (-18.7%) and Austria (-16.7%). They were followed by Turkey (Is REIT) (-15.1%); Italy (-10.4%); The Netherlands (-8.5%); France (-6.9%); the UK (-4.3%); Germany
(-4.1%); Poland (GTC) (-1.4%); and Belgium )-1.3%'.
All performances are expressed in euros. In terms of regions, Europe and Oceania were the weakest.
GPR 250 Global -1.0%
GPR 250 Africa 1.0%
GPR 250 Americas 2.9%
GPR 250 Asia -2.6%
GPR 250 Europe -6.0%
GPR 250 Oceania -6.3%