The FTSE EPRA/NAREIT Developed Europe Index ended the month with a gain of 10.9%, the European Public Real Estate Association (EPRA) reported this week. France returned 15.3% while the UK Index ended the month 11.2% higher. The Netherlands returned 9.5% in July, while Sweden gained 8.8%.
The FTSE EPRA/NAREIT Developed Europe Index ended the month with a gain of 10.9%, the European Public Real Estate Association (EPRA) reported this week. France returned 15.3% while the UK Index ended the month 11.2% higher. The Netherlands returned 9.5% in July, while Sweden gained 8.8%.
Global real estate stocks generated a total return of 8.8% in July, outperforming both ordinary global equities (7.8%) and bonds (0.6%).
Quintain Estates booked the highest total return during the period, with a gain of 64.18%. It was followed by Gecina (30.98%), Grainger (25.34%),
ING UK Real Estate (22.13%) and Fabege (18.77%). The bottom three performers were Colonia Real Estate (-7.14%), Unite Group (-7.35%) and Mucklow (10%).
European Real Estate 36-month volatility stood at 24.69% in July, the lowest of the three regions (North America and Asia).
The strong performance of European real estate stocks was in line with the GPR Europe Index. Click on the link below to read about the GPR index.
