Returns for European real estate stocks were flat (-0.0%) in January but their slowdown was modest compared with the performances of listed property companies on other continents, according to the GPR 250 indices compiled by the Global Property Research division of merchant bank Kempen & Co.
Returns for European real estate stocks were flat (-0.0%) in January but their slowdown was modest compared with the performances of listed property companies on other continents, according to the GPR 250 indices compiled by the Global Property Research division of merchant bank Kempen & Co.
The best performances on a national level were in Switzerland (+6.5%), the UK (+4.4 %), Belgium (+2.1%), France (+1%) and the Netherlands (+0.1%). Spain, which is represented by Metrovacesa, also finished up 1.1%.
GPR said less-than-average results, and therefore negative returns, were recorded by property shares in Germany (-0.5%), Sweden (-1.6%), Finland (-1.7%), Greece (Babis Vovos -8.6%), Italy (-8.8%), Austria (-12.3%), Turkey (Ls REIT - 16.5%), Norway (Norwegian Property -18.8%) and Poland (GTC -19.1%). All the performances are expressed in local currency.
The results across the globe were as follows:
GPR 250 indices
GPR 250 Europe -0.0%
GPR 250 Americas -2.0%
GPR 250 Global -5.0%
GPR 250 Asia -7.7%
GPR 250 Africa -10.2%
GPR 250 Oceania -14.4%
Click on the link below to read FTSE EPRA/NAREIT index continues slide'
