Euro property recovers but emerging markets stall - S&P

European property markets posted a 4.9pc gain in Q1, signaling a rebound from 2007 when they fell by 25.6pc. The Q1 bounce was not applicable across the whole of Europe, however, as strong performances from the French, Belgian, Swiss and Dutch markets were tempered by further falls in other markets, including those in the UK, Spain and Ireland. Moreover, property and REIT stocks as a whole continued their downward trend in Q1. The S&P/Citigroup Emerging Markets Property Index fell by 19.8pc, having risen 46.2pc last year. The China index fell 24.5pc, while South Africa lost 25pc, India ...