European listed real estate stocks - as represented by the GPR 250 Europe Index - closed 2.3% lower in June after several months of strong performance. The total return for the second quarter came to 3.7%.
The UK was the only market to end the second quarter in negative territory (-2.0%), while Austria (9.7%), Germany (9.0%) and Spain (8.1%) claimed their places on the winners' podium for the April to end-June period.
Returns for the individual country indices, expressed in euros, were as follows, with the quarterly results in brackets:
Austria - 1.0% (9.7%)
Spain - 0.4% (8.1%)
Netherlands - 0.1% (5.8%)
Belgium - 0.0% (5.6%)
Germany -1.4% (9.0%)
Switzerland -2.6% (0.7%)
France -2.8% (3.5%)
Sweden -2.8% (6.9%)
UK -3.5% (-2.0%)
Europe was the best performing of the GPR 250 regional indices:
GPR 250 Global -0.6% (-3.8%)
GPR 250 Africa -0.3% (-3.1%)
GPR 250 Americas 1.0% (-4.9%)
GPR 250 Asia -2.8% (-3.4%)
GPR 250 Europe -2.3% (3.7%)
GPR 250 Oceania -3.5% (-9.0%)
