European listed real estate, as represented by the GPR 250 Europe Index, booked further losses in September with a 2.6% decline after falling 0.2% in August.
However, total returns for the third quarter of 2016 amounted to +3.3%.
Individual country performances were mixed, with winners over Q3 including Austria (13.8%) and the Netherlands (12.6%). The worst performer and only decliner over the three-month period was Switzerland, whose property stocks shed 3.6%.
The returns for the individual European country indices for September - represented in euros - were as follows:
- Netherlands 4.9%
- Austria 4.0%
- Belgium 0.3%
- Spain -0.2%
- Switzerland -1.2%
- France -2.0%
- Sweden -2.4%
- Germany -3.6%
- UK -4.1%
Of the regional indices, both Europe and the Americas ended September in negative territory, with only Asia and Africa booking an advance.
- GPR 250 Global -1.7%
- GPR 250 Africa 6.6%
- GPR 250 Americas -2.4%
- GPR 250 Asia 1.1%
- GPR 250 Europe -2.6%
- GPR 250 Oceania -3.4%
