MSCI:  I Commercial Real Estate Funds europei registrano nel  Q4 ritorni molto  negativi

European Real Estate funds generated negative returns of -9.3% in the final quarter of 2022, taking the total return to -2.4% for the year. That compares with negative returns for property equities of -38.2% for 2022, according to data compiled by MSCI Real Assets.

MSCI has published a commentary in which it highlights

  • All property sectors registered negative total returns in Q4, with the industrial sector worst affected
  • The negative total returns in Q4 surpass the lows of the Global Financial Crisis GFC for the MSCI Pan-European Quarterly Property Fund Index

The Index tracks the performance of 19 open-ended cross border funds with net asset value NAV) of EUR 51.6 billion, as of Dec. 31, 2022. 

David Green-Morgan, Global Head of Real Assets Research,  also observed:

·         Country level returns continue to show a wide variation in Q4 from -1.3% in the Czech Republic to -8.2% in the Netherlands

·         Rental growth across all property types accelerated in the final quarter from 1.2% to 1.5%

Download  the  data sheet with more details [.pdf]

Source : MSCI