The July 2012 EPRA/NAREIT Europe index showed that European performance fell by 0.22% over the month. Property returns were mixed on a country-by-country basis, as Italy led the way with a 10.2% gain, followed by Austria with 4.65%. For the underperformers, Switzerland turned in -2.15%, followed by France’s -1.16%.
Greece-based Eurobank Properties’ shares led the stock performance table over the month with a return gain of 18.02% month on month.
Italian firm IGD was the month’s biggest underperformer, turning in a month-on-month returns drop of 11.04%.
