Sweden led the rally as European real estate shares finished up + 2.5% in the August edition of the GPR 250 Europe Index after several months in negative territory. On a country level, Sweden was the clear 'out-performer', GPR said, as the Scandinavian country ended the month with a return of +7.3%. Turkey (Is REIT) came in second on +5.6%. The listed property sector in Belgium recorded +5.2%, with Germany behind on +2.7%.
Sweden led the rally as European real estate shares finished up + 2.5% in the August edition of the GPR 250 Europe Index after several months in negative territory. On a country level, Sweden was the clear 'out-performer', GPR said, as the Scandinavian country ended the month with a return of +7.3%. Turkey (Is REIT) came in second on +5.6%. The listed property sector in Belgium recorded +5.2%, with Germany behind on +2.7%.
The other positive performers booked less emphatic increases: Italy (+2.3%); the UK (+0.9%); Switzerland (+0.6%); Greece (Babis Vovos; +0.4%), and the Netherlands (+0.1%). Negative returns were recorded by France (-0.2%); Finland (-0.2%); Norway (Norwegian Property -3.3%) and Poland (GTC - 14.9%). All performances are in local currency.
The returns in August on a global level were not much better:
GPR 250 Oceania +10.6%
GPR 250 Africa +1.0%
GPR 250 Europe +2.5%
GPR 250 Americas +2.3%
GPR 250 Global +0.4%
GPR 250 Asia -6.9%
