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 slides to 52.2, its second consecutive decline
Key highlights include:
- Three out of the five subindicators declined, with financing (61.0) and leasing and operations (58.9) maintaining the strongest sentiment across the five.
- The investment liquidity subindicator saw the sharpest decline in June, falling from a high of 63.2 in March to 47.4 and sliding into contraction.
- For the first time since inception, three subindicators, including investment liquidity, new development, and economic, reported a reading of under 50.
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.