Global real estate markets, as measured by the FTSE EPRA Nareit Developed Extended Index, experienced a decline in July, falling by 1.4%. This drop was primarily driven by a significant downturn in Developed Europe, which saw a negative return of 6.1%. This performance contrasted with Developed Asia, which posted a positive return of 0.9%, and North America, which had a modest fall of 0.8%.

On a year-to-date basis through July, the global index remains in positive territory, up 6.1%, with Developed Asia leading with an 18.9% return. Developed Europe is also up significantly for the year at 16.9%, despite its poor July performance, while North America has a slight loss of 0.6%. The overall global equities are outperforming global listed real estate so far this year. Within property sectors, diversified, telecommunications, and health care have been the top performers, while industries like data centers and timberland have seen the most significant declines.

End Notes

Source: https://www.reit.com/news/blog/market-commentary/global-real-estate-fell-july-europe-lost-ground