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Sentiment towards German real estate turns negative

The latest June edition of the INREV’s Market Insights publication confirms the turnaround in investment sentiment that started to come through in March this year, and Germany’s position stands out more negatively than most other geographies. Read more

Research

All aboard for the ESG data challenge

With ESG centre stage at this year’s Annual Conference, the Research and Performance Measurement Open House Breakout session zeroed in on INREV’s exciting new pilot project aimed at solving the ESG data challenge. IQ was in the room.  Delegates listened with rapt attention to Iryna Pylypchuk and Connor van Leeuwen explain how INREV’s Asset Level sustainability KPI data collection project was progressing.  Read more

Research

Country specialist funds outperform

Economics says that specialisation leads to greater efficiency and effectiveness for a firm or enterprise. For real estate funds in particular, those that specialise in single markets should have a better chance of picking bargains when buying assets, and their specialist knowledge should also give them operational advantages, including a better understanding of tenant requirements, as well as management efficiencies and reduced costs. Read more

Research

European Real Estate Debt Markets Set To Move Up A Gear

Over the past decade, the INREV, ANREV, PREA Investment Intentions Survey has shown consistent and growing appetite for exposure to real estate debt strategies from investors. This has led to a wave of activity and investment from non-traditional lenders including insurance and pension companies, and debt funds.  Read more

Research

Dispersion in performance

With more than 20 years of European non-listed real estate data, the INREV Quarterly Fund Index offers a depth of insights for the curious mind. Read more

Research

Measuring Liquidity in Direct Real Estate Markets

At times of dislocation, whether that is the recent pandemic, the UK’s vote to leave the European Union or going back to the Global Financial Crisis (GFC), property market liquidity is of great concern to investors and managers. The direct real estate market is inherently illiquid when compared to equities or bonds; however, within that context of illiquidity, some property markets are undoubtedly more liquid than others.  Read more

Research

What can non-listed real estate do for you?

This important new INREV research paper compares the performance characteristics of non-listed real estate in a mixed-asset portfolio as well as other real estate investment routes, in particular listed real estate and direct property, asking how they contribute to an investor’s overall strategy.  The in-depth analysis marries academic rigour with practical insights for investors and investment managers. Read more

Research

‘Three gears’ of demographic demand

It is widely understood that demand for urban housing is driven by demographic trends; the more people there are, the more housing they need. However, a deeper analysis reveals that this is not simply population growth, but rather three distinct and interlinked ‘gears of demand’: population growth, urbanisation, and household formation. Read more

Research

Routes to European non-listed real estate

Together, institutional investors and funds of funds look set to commit a minimum of €64.6 billion of new capital to global real estate in 2021. These data from the recently published Investment Intentions Survey offer a tangible sign of continuing enthusiasm for real estate among local and international investors.    Read more

Research

Which Real Estate Assets will become obsolete?

Let’s step back from real estate as an investment. What is real estate used for? Real estate is what economists call “real capital”. Real capital are inputs, such as land, factories or apartments, which are used to produce goods and services, such as food, cars or housing. Real estate assets, therefore, provide the amount, type and quality of space to house economic activity. Read more