The decline in real estate values slowed in the first half, but Europe's listed stocks are not out of woods yet. As in 2008, several UK REITs including Segro and Liberaty International recorded the sharpest falls in the value of their portfolios, while of Continental players saw the writedowns confined to 1-4%.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
