The FTSE EPRA/NAREIT Global Real Estate Index fell 1.7% for the third consecutive month in April. Europe was the heaviest hit, declining 3.5%, whilst the Atlantic North America region was down 2.1%. The UK dropped 4.6% and France 5.1%. Year-on-year the UK is in the red (-8.3%). France remains on positive ground. The Netherlands and Sweden added 60 and 10 basis points respectively in April. Broad European volatility stands at about 11%, lower than the North American and Asia-Pacific regions.
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