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Global Real Estate Stocks Down in First Quarter 2005 |
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The Global Listed Property Companies Index, provided by S&P/Citigroup, dropped 6% for the first quarter of 2005. However, 75% of countries\' stock exchanges recorded an increase in their listed property companies\' indices. |
"The real estate sectors of the major stock exchanges in the USA, United Kingdom, Hong Kong and Australia showed negative growth, pulling down the global index in the first quarter of 2005,” says ResearchWorldwide.com – The Worldwide Commercial Real Estate Information Portal.
In terms of continental regions only Latin America at 7.5% was in positive growth territory, with North America down 7.8%, Asia Pacific dropping 5%, the Middle East and Africa falling 4.6% and Europe dipping 3.7%.
Of the 32 countries monitored by ResearchWorldwide.com from information supplied by S&P/Citigroup BMI Property Indices, 24 countries reflected gains during the first quarter of 2005, when using local currencies to measure performance. These countries were led by Spain 20.7%, Greece 15.4%, Sweden 13.7%, Mexico 10.8% and Argentina 10.0%.
The 8 countries which showed negative returns in the first quarter of 2005 were headed by Taiwan -14.4%, Thailand -14.0%, USA -8.2%, Hong Kong -8.0%, United Kingdom -5.6% and Australia -4.9%. The large market capitalization of most of these indices pulled down the overall global performance of listed real estate companies worldwide.
Worldwide Real Estate Stocks Performance - First Quarter 2005
Source: ResearchWorldwide.com (1)
(1) Original regional and country information supplied to ResearchWorldwide.com by S&P/Citigroup BMI Property Indices.
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