European listed real estate, as represented in the GPR 250 Europe Index, finished 3.4% higher in May. This follows on from a performance of 3.6% in April.

The best performing country indices were Switzerland 7.5%; Norway (Norwegian Property) 6.9%; the UK 4.8%; France 4.6% and Finland 3.4%.

The Swedish index recorded a return of 1.6%, followed by the Netherlands 1.5%; Italy (Beni Stabili) 1.1%; Israel (Gazit Globe) 0.8% and Belgium 0.7%.

Negative returns were recorded for Germany -0.1%; Austria -1.8%; Poland (GTC) -4%; Turkey (Is REIT) -7.7%. The weakest performer by far was Spain
-23.4%.

All performances are expressed in euros.

GPR 250 indices

GPR 250 Global 3.7%
GPR 250 Africa 0.2%
GPR 250 Americas 4.6%
GPR 250 Asia 3.5%
GPR 250 Europe 3.4%
GPR 250 Oceania 0.6%