After slipping into negative territory in June, Europe’s listed real estate stocks bounced back in July with gains that put the region at the top of the league globally in terms of performance.
The GPR 250 Europe Index ended the month 10.2% higher after losing 0.9% in June. This compares with a 2.2% gain for Asia and a 1.6% advance for the Americas.
Europe’s strong performance reflected above-average gains in Germany (+18.4%) and Sweden (+15.4%), while even laggards Finland (+6.3%) and France (+6.1%) posted good results.
Returns for the individual countries were as follows:
• Germany 18.4%
• Sweden 15.4%
• Spain 9.0%
• Austria 8.7%
• Switzerland 8.4%
• United Kingdom 8.0%
• Belgium 6.3%
• Finland 6.3%
• France 6.1%
Worldwide the returns were as follows:
• Europe 10.2%
• Africa 8.0%
• Oceania 4.8%
• World 2.7%
• Asia 2.2%
• Americas 1.6%
