The INREV European Quarterly Asset Level Index recorded a total return of 0.41% in Q1 2024
- The non-listed real estate market in Europe delivered a total return of 0.41 % in Q1 2024, turning positive after six consecutive quarters in negative territory. This is an improvement of 207 bps quarter-on-quarter. The one-year rolling return stood at -2.50%.
- For a third consecutive quarter, the Netherlands remained the best-performing geography out of the main four markets. At 1.08%, Dutch assets stood strongly in the positive, followed by UK assets returning 0.49% in Q1. While Germany and France experienced sharp declines in Q4 2023, they both reported notable increases in performance in the first quarter of the year, standing at -0.09% (+355 bps) and -0.43% (+374 bps), respectively.
- The residential sector continues to outperform the main sectors of the Index, with a positive return of 0.88%, its first positive performance after six quarters in the negative. Industrial/logistics (0.73%) and retail (0.88%) both turned positive after a quarter of negative returns. At -0.88%, office assets remarkably came back from their weakest performance since inception in Q4 2023 (+369 bps), albeit remaining the only sector out of the main four to record a negative performance.
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If you would like to schedule a demo of the Asset Level Index Analysis tool or have questions about this index, contact Connor van Leeuwen (connor.vanleeuwen@inrev.org) or visit the Asset Level Index page.
INREV Asset Level Quarterly Index
Last updated on 04 Dec 2024
The INREV Asset Level Index is a quarterly pan-European index measuring real estate market performance on an asset level across Europe.