Consensus Indicator
Published quarterly
Welcome to the INREV Consensus Indicator, a new diffusion index designed to measure the direction of trends in the European non-listed real estate market. Our goal is to provide the market with timely quarterly insights into the dynamics of current and anticipated conditions in economy, investment, leasing and operations, development, and new lending. Positioned to become the leading indicator for European non-listed real estate.
About
The Consensus Indicator comprises a headline and five sub-indicators, summarising whether market conditions are expanding, staying the same, or contracting.
Ranging from 0 to 100, the Consensus Indicator offers clear interpretations:
- a Consensus Indicator exceeding 50 signals growth;
- a reading of 50 denotes no change;
- a reading below 50 indicates contraction;
- the further the results are from the 50 mark, the greater the level of change.
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Consensus Indicator improves to 59.4
Key highlights include:
- Four of the five subindicators registered improvement, with the investment liquidity subindicator showing a significant increase, rising to 61.4 from 55.2 in September.
- Financing remained the lead subindicator at 70.1, representing the strongest reading recorded across any subindicator since INREV started to track the market consensus in March 2023.
- The economic subindicator rebounded to 53.8, marking its first reading above 50 since September 2024.
For a quarterly overview of what is happening in the evolving non-listed real estate investment industry at a European and at a global level, visit our Market Insights page.