The December Consensus Indicator reveals a subdued picture for the European non-listed real estate, with a headline reading of 40.8, slightly below March’s 42.4.
Key highlights include:
- Economic, new development, investment liquidity and financing subindicators remain in the sub-50 territory, indicating on-going contraction / negative sentiment.
- Despite the fifth consecutive quarter of value corrections, the investment subindicator remains the weakest, at 29.5.
- New development subindicator fell further since September and is now at 37.9.
- Leasing and operations is the only subindicator that remains above 50 since we started to track the market consensus in March 2023. It improved to 59.5 in December, up from 56.5 in September.
Intrigued to learn more? 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.