The European listed real estate sector, as represented by the GPR 250 Europe Index, posted a strong return of 6.7% in March, therefore significantly improving the result for the first quarter which reported a loss of 2% in total.
Belgian stocks gained as much as 9.6% over the past month, while the UK reported the biggest loss, at 14.2%.
Returns for the month/quarter for the individual countries were as follows:
• Germany 11.1% (8.4%)
• France 8.0% (5.1%)
• Spain 6.8% (-7.8%)
• Belgium 6.8% (9.6%)
• Netherlands 5.9% (-1.3%)
• UK 4.2% (-14.2%)
• Switzerland 3.3% (6.5%)
• Sweden 3.2% (1.0%)
• Austria 2.6% (-5.7%)
Worldwide returns were as follows:
GPR 250 indices
GPR 250 Global 4.5% (1.0%)
GPR 250 Africa 13.6% (17.1%)
GPR 250 Americas 5.4% (1.6%)
GPR 250 Asia 0.2% (-1.1%)
GPR 250 Europe 6.7% (-2.0%)
GPR 250 Oceania 5.1% (7.4%)