European real estate stocks showed a negative performance in the month of April according to the GPR 250 Europe Index. Global Property Research (GPR) reported an overall dip of 0.7% for European property stocks, which, however, represents a slight improvement compared to the 1.6% return reported in March 2008 by the index.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
