Publicly listed real estate stocks around the globe recovered during the second quarter of 2005 to record 1.2 percent growth for the first half of 2005, according to ResearchWorldwide, a global real estate information service.
Of the 32 countries monitored by ResearchWorldwide.com, 25 countries saw increases in publicly listed real estate stock growth during the first half of 2005, when using local currencies to measure performance, the company reported.
Information supplied to ResearchWorldwide.com by S&P/Citigroup BMI Property Indices shows that Latin America’s real estate stocks grew 12.3 percent and North America reported 4.5 percent growth, while Europe was at 0.6 percent, the Middle East and Africa dropped 2.9 percent, and Asia Pacific dropped 3.1 percent in the first half of 2005.
Spain led the way with a massive 55.7 percent increase, ResearchWorldwide reported, with Sweden following at 44.5 percent, and Germany at 26.1 percent. Real estate stocks in Italy jumped a record 21.5 percent for the first half of 2005. Finland was in fifth place with 21.1 percent growth for the first half of the year.
Of the seven countries that recorded losses in real estate stock performances, all were in the Asia-Pacific region, Research Worldwide reported. Thailand saw real estate stocks drop 25.1 percent in the first half of 2005, Taiwan reported a 17.2 percent drop in real estate stocks, China had a 6.8 percent loss, Indonesia saw a 4.9 percent drop, and Malaysia stocks were down 3.8 percent.
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