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13 February 2012

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Property stocks lead direct values by six months - EPRA

Real estate stocks generally lead moves in the underlying direct property market by an average of six months, according to research conducted by US investment firm Cohen & Steers for the European Public Real Estate Association. EPRA Research Director Fraser Hughes commented: "The study not only provides evidence that listed property markets lead direct property markets, but also adds to a mounting body of research that supports the idea that real estate stocks behave like real estate, not general equities, though with better transparency and more liquidity."

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