It’s been a few months since I have last mentioned the GPR global index. In their latest market update, Global Property Research is reporting a recovery of the global 250 index in 2009 FY of 28.6%. We will have to bear in mind that this is a reversion from the decline recorded in 2008 of no less than 45.1%. So, the past 18 months may be described as a true rollercoaster ride.
Interesting enough, the European 250 index (36.6%) outperformed the Americas 250 index (28.3%) and the aforementioned Global index considerably. For reference, MSCI Global gained 26.5% in the same period.
Noteworthy outliers are Austria (+233.5%) and Brazil (+143.7) -all in local returns. Greece has been the only exception to the positive rule, performing a disappointing -51%.
GPR jul 2009 update is here.
GPR may 2009 update is here.
GPR apr 2009 update is here.
GPR mar 2009 update is here.
GPR feb 2009 update is here.
On A Peppercorn 