BUZZ-Rising chances of U.S. rate hike hits European real estate sector

** European real estate stocks down 1.9 pct and poised for their worst 2-day drop in about 2 years as probability of a June rate hike in the U.S. rises

** Forecast-beating U.S. jobs numbers on Friday sparked a slide in real estate stocks in Europe that has spilled over into Monday morning

** Sector, one of the best performers over past 3 months and cited as a key beneficiary of ECB QE, hit record high last week

** JPMorgan reshuffled its stance on the sector in favour of the UK vs continental Europe as the former plays catch-up

** UK property stocks trading at a 4% discount to net asset value vs continental stocks at a 17% premium, JPM says

** European real estate index the worst performer across the region significantly underperforming the Stoxx 600's 0.6 pct decline (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net; RM: alasdair.pal.thomsonreuters.com@reuters.net)