European stock exchange-listed property funds were down an average 1% in March but up 3% in the first quarter as a whole, according to new figures from Global Property Research.

The GPR Europe Index focuses on 250 listed property companies throughout Europe.

On a country by country basis, Israel topped the ranking with an increase of 10.2% in March, down 1.2% on a quarterly basis. Finland rose 5.6%, or 8.2% over the first three months of the year.