European listed property, as represented in the GPR 250 Europe Index, closed 1.3% lower in November, extending the losses booked in October.
The UK and Switzerland were the only markets to post gains – at 4.4% and 0.8% respectively. The biggest decliners were Spain (-4.9%) and France (-4.7%).
Returns for the individual European country indices, calculated in euros, in November were as follows:
UK 4.4%
Switzerland 0.8%
Austria -0.2%
Sweden -1.6%
Belgium -2.4%
Netherlands -3.4%
Germany -3.9%
France -4.7%
Spain -4.9%
Africa was the weakest performing region while Asia and Oceania were the strongest, according to GPR.
GPR 250 Global 0.4%
GPR 250 Africa -5.0%
GPR 250 Americas 0.6%
GPR 250 Asia 1.1%
GPR 250 Europe -1.3%
GPR 250 Oceania 1.1%
