GPR 250 Europe Index sees slight improvement in April

European real estate stocks showed a negative performance in the month of April according to the GPR 250 Europe Index. Global Property Research (GPR) reported an overall dip of 0.7% for European property stocks, which, however, represents a slight improvement compared to the 1.6% return reported in March 2008 by the index.

Turkey outperformed every other European country, recording a +13.7% return in April. Austria, the Netherlands, and France, also performed well, with returns of +7.9%, +5.2%, and +2.5% respectively. Sweden was instead the worst performing country, as its shares reported losses of -5.8 in April. Other countries that showed negative performances in April were Belgium (-0.1%), Finland (-3.6%), Italy (-4.2%), Switzerland (-4.2%), the UK (-4.5%), Germany (-5.1%) and Sweden -5.8%).

Norway's performance was due to the +0.9% gain booked by Norwegian Property, the only Norwegian stock included in the index. Also Poland is covered only by one stock, GTC, which reported losses of 2.2% in April.