European real estate shares finished on a slight loss of -0.9% last month, clawing back ground from the 12% loss in June, according to Amsterdam-based Global Property Research in its latest monthly update of the 250 GPR Index series. The GPR 250 Property Securities Index consists of the 250 most liquid property companies worldwide, and uses the tradable market capitalisation of these companies as index weights.
European real estate shares finished on a slight loss of -0.9% last month, clawing back ground from the 12% loss in June, according to Amsterdam-based Global Property Research in its latest monthly update of the 250 GPR Index series. The GPR 250 Property Securities Index consists of the 250 most liquid property companies worldwide, and uses the tradable market capitalisation of these companies as index weights.
At country level, Turkey (Is REIT) was the strongest performer (+28.7%); followed by Italy (+10.7%); Switzerland (+8.9%); Belgium (+4.1%); UK (+3.6%), Swedes (+1.9%) and the Netherlands (+0.1%).
The negative performer were France (- 2.4%), Poland (GTC; -3.3%), Greece (Babis Vovos -6.2%), Germany (- 8.2%), Finland (- 8.6%), Norway (Norwegian Property -11.0%) and Austria (13.4%). All performances are in local currency.
GPR said the global listed property sector showed a slight recovery in July, gaining 1.5%. The returns for continental subset indices ranged from +18.4% for Africa to -5% for Oceania.
