INREV’s new Consensus Indicator reveals a subdued picture for the European non-listed real estate, with the latest headline reading of 40.8.
- December INREV Consensus Indicator reveals a headline reading of 40.8
- A reading of under 50 indicates contraction. The further away from the results are from the 50 mark, the greater the level of change. The best 2023’s result was 42.4 reported in March, highlighting that sentiment has been low throughout the year and remains low.
- Four out of the five subindicators, namely economic, new development, investment liquidity and financing, remain in the sub-50 territory. At 29.5, the investment subindicator is the weakest.
- Leasing and operations is the only subindicator that remains above 50, improving to 59.5 in December. For how long and to what extent this positive trend can be maintained is unlikely to be clear until much later in 2024 or even 2025.
INREV Consensus Indicator is a new diffusion index, designed to measure the direction of trends in the European non-listed real estate market. Its purpose is to provide insights to decision makers, investors, market analysts and asset allocators, and to become the leading indicator for European non-listed real estate.
For more detailed insights and analysis download the full publication below or visit the Consensus Indicator page on our website. Don’t forget the quarterly Market Insights are coming your way on 13 December.