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 reveals a notable decline in sentiment
The March INREV Consensus Indicator recorded a headline reading of 54.7, a notable decline from the all-time high of 59.4 in December since the monitoring of the market consensus began in March 2023.
Key highlights include:
- Four of the five subindicators declined this quarter. Financing (70.4) was the only subindicator to record a marginal improvement this March.
- Economic subindicator saw a marked decline to 42.4, from 53.8 in December, indicating contraction.
- It is worth noting that 26 out of the 35 responses to the March edition were submitted after the start of the Iran war, which is likely to have weighed down the near-term expectations
For a quarterly overview of what is happening in the evolving non-listed real estate investment industry at a European and global level, visit our Market Insights page.