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Real Estate Returns Outperform the Main Indexes
Global property stocks posted a 28 per cent increase in 2004, according to the European Public Real Estate Association’s benchmark index. In...
Global property stocks posted a 28 per cent increase in 2004, according to the European Public Real Estate Association’s benchmark index. In December the index was up 3.1 per cent.
Real estate stocks in Europe returned an impressive 41.7 per cent last year, with Asian and North American stocks returning 27 per cent and 23.9 per cent respectively.
Within Europe, the country with the best real estate returns was Sweden at 48.8 per cent, followed by the UK (46 per cent), and France (41.9 per cent).
Meanwhile, the recovery in Hong Kong’s property market helped to bolster Asian performance, with the EPRA Hong Kong index returning 35.2 per cent. US real estate stocks returned 33.8 per cent in 2004 in US dollar terms.
