The EPRA/NAREIT Europe Index edged upwards to +1.7% for August 2008. At a country level, the returns were very similar to the previous month. The EPRA/NAREIT UK index was up 5.7%, while the EPRA/NAREIT France dropped further by -0.3%. The EPRA/NAREIT Sweden rose +6.9% by the end of the month. The Netherlands also added 10 bps. Year-to-date, the larger European markets stand at a loss. The UK market is -14.1% behind along with France (-7.7%). 36-month volatility for the region stands at (17.10%).
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