The property sector on the Philippines Stock Exchange and the GPR's real estate index on Euronext Amsterdam showed 7.9 percent and 0.5 percent positive growth respectively for May 2006, according to ResearchWorldwide.com's
The Dow Jones Composite REIT fell 3.02 percent over the month, though the REIT is up 12.98 percent during the first quarter of 2006, according to the report.
In addition to the Dow Jones, 15 other Stock Exchanges' real estate sectors fell into negative growth territory for May 2006, according to ResearchWorldwide.com's
"Although stock markets worldwide suffered a painful correction during May 2006 their real estate sectors remain fundamentally sound, as before, however general nervous selling affected these real estate sectors' performances as well during May," says ResearchWorldwide.com.
The worst performer was Singapore's real estate sector recording a 12.13% loss for May 2006 followed closely by Tokyo Stock Exchange's real estate sector, which fell 12.11%.
Other large falls in real estate sectors occurred in Italy -9.38 percent, Hong Kong -8.63 percent, Sweden -8.37 percent, Indonesia -6.31 percent, Malaysia - 4.64 percent, United Kingdom -3.30 percent and the United States -3.02%.
Smaller falls in the real estate sectors of other countries' stock exchanges during May 2006 include: Australia, Austria, Canada, Norway, South Africa, Spain and Switzerland.
Related Topics:
