Listed European property companies recorded a 3.2% profit across the board in May, according to figures compiled by Global Property Research.
The Amsterdam-based company's GPR 250 Europe Index found that all European markets put on value with the exception of Spain, which contracted by 0.1%. Belgium led the rankings with a 5.8% gain, followed by Germany on 4.3% and the UK on 3.7%. All figures reflect the value in euros.
Europe was slightly ahead of the 3.0% gain recorded by the GPR 250 Global Index, which tracks the 250 most liquid listed property securities around the world.
The Americas were the best performing region at 4.9%, while Oceania gained 0.2%, Asia lost 0.4% and Africa recorded an 11.5% loss.
GPR this week launched its Pure Infrastructure Index Series to track the performance of the global listed infrastructure industry. The index monitors companies that facilitate the movement of people, goods, energy and information by owning or operating the underlying real asset.
'We have used our knowledge and insights in creating and maintaining international real estate securities benchmarks in order to fulfil the wishes and needs of investors in a different segment of the ‘real assets’ spectrum,' said Jeroen Vreeker, head of the GPR index team.