European listed real estate shares, as represented by the GPR 250 Europe Index, delivered a modest return of 0.4% in August. On a country-by-country basis, Greece, represented in the index by Babis Vovos, was the strongest performer (14.3%). Switzerland was in second place with 6%.

The positive returns for the other countries in the index were as follows: Finland (3.7%); Turkey (represented by IS REIT) (3.5%); the Netherlands (2.7%); Austria (1.9%) and Sweden (0.8%).

The rest of the index, including the largest European markets, ended the month in negative territory: France (-0.4%); the UK (-0.4%); Italy (Beni Stabili) (-0.6%); Belgium (-1.%); Germany (-3%); Norway (Norwegian Property) (-3.6%) and Poland (GTC) (-15.6%).

All performances are expressed in euros.

Worldwide the returns for August were as follows: GPR 250 Global (3.1%); GPR 250 Africa (5.1%); GPR 250 Americas (1.9%); GPR 250 Asia (6.5%);
GPR 250 Europe (0.4%) and GPR 250 Oceania (4.5%).