The GPR Europe Index recorded an unambiguous loss of 45.5% for 2008 despite ending 5.7% higher for the month of December, according to Amsterdam-based real estate securities specialist Global Property Research.
The GPR Europe Index recorded an unambiguous loss of 45.5% for 2008 despite ending 5.7% higher for the month of December, according to Amsterdam-based real estate securities specialist Global Property Research.
All national indices recorded a negative result over the whole of 2008. The country performances for full-year 2008, followed by the December result, are as follows:
(All performances are shown in local currency)
Switzerland (-3.7%/+1.4%)
Belgium (-13.7%/+2.1%)
Sweden (-19.2%/+32.8%)
France (-33.4%/+5.0%)
The Netherlands (-36.6%/+4.9%)
Italy (-39.2%/+12.4%)
UK (-45.4%/+1.4%)
Greece (Babis Vovos I.C.; -56.0%/-33.9%)
Finland (-56.1%/+16.6%)
Turkey (Is REIT; -57.3%/+1.4%)
Germany (-62.9%/+42.5%)
Poland (GTC; -65.9%/-5.0%)
Austria (-84.9%/+10.0%)
Norway (Norwegian Property; -90.3%/-22.1%).
The regional GPR 250 indices recorded the following performances:
GPR 250 Africa +1.5%
GPR 250 Americas -38.3%
GPR 250 Global -45.1%
GPR 250 Europe -45.5%
GPR 250 Asia -49.9%
GPR 250 Oceania -52.8%