European property stocks fell 2% in July after shedding 2.1% the previous month, according to figures from GPR. The decline of the GPR 250 Europe Index was led by Spain, which fell by over 17%, followed by Poland (-11.8%), Italy (-10.8%), Austria (-6.2%) and the Netherlands (-6.1%).

Finland, Germany, France, Sweden and Belgium also raked up losses of between -2.8% and 5.4%. The best performers were Switzerland, which rose 7.8%, followed by Turkey (3.1%), Israel (1.6%), Norway (0.8%) and the UK (0.3%).

The GPR 250 Oceania index also turned in a loss of 3.4%. The Asian and African indices were the best performers with both booking an increase of 3.6%, followed by the Americas (2.7%).