Thanks Verbatim. I have been trying unsuccessfully to get information on the internet on how EPRA has been faring, have you any suggestions? Also with the general improvement in the Eurozone economies would it be reasonable to expect improvement in the property sector there over time ?
Try this link to get a chart of the EPRA.
[broken link removed]
There are tonnes of different EPRA indices.
To get a useful chart, pick a start date in Jan 2001
Under "data type" pick "close price"
under "region" pick "europe"
under "name" pick "EPRA/NAREIT Europe ex UK" (I think this is the correct one, check the brochure)
under "index type" pick "price"
under "currency" pick "EUR"
This should give you the relevant chart.
You should see a graph that is just above 1000 in Jan 2003, and peaks just under 3500 in Feb of this year. EPRA is about 14% below the peak now.
I'm not expert enough in property stocks to be giving out advice. Personally though I'd be looking at how this index has outperformed Eurostoxx so much over the last few years, and how much it's underperformed recently and I'd be thinking that possibly this index has had it's day, and sentiment has turned against the property sector. There have been some strong rallies in stocks recently and the EPRA hasn't taken part. You could also look at the recent dip as a great opportunity to get involved if you're of a bullish nature.
Best of luck.