The INREV European Quarterly Asset Level Index recorded a total return of 1.72% in Q1 2025 (-11 bps q-on-q), slightly down from 1.83% in Q4 2024. This Index release includes 6,489 assets, valued at € 200.6 billion as of the end of the quarter.
- Capital growth reached 0.67%, and its one-year rolling increased to 2.10%. Income return remained stable at 1.04%.
- German assets posted a total return of 1.19% (+84 bps q-on-q), remaining positive for the third consecutive quarter. For the first time in eleven quarters, the German office sector reported a positive total return of 1.03%.
- Dutch assets continue to deliver the highest returns at 2.19%, albeit at a decrease of 58 bps from Q4 2024. UK assets attained a total return of 1.59%, supported by its retail (2.68%) and industrial/logistics assets (1.83%). The French assets recorded a positive capital growth of 0.59% and its total return reached 1.57% (+13 bps q-on-q).
- Residential assets continue to be the best-performing sector, delivering a total return of 2.03%. Retail assets returned 1.99%, supported by capital growth of 0.55%, marking the third consecutive positive quarter. Industrial/logistics assets posted a total return of 1.81%, while office assets delivered its highest performance since Q2 2022, at 1.11%.
INREV is calling for members to join this important initiative.
In Q1 2025, INREV is pleased to welcome its newest Asset Level Index participant, Pembroke, totalling 36 companies.
If you would like to schedule a demo of the Asset Level Index Analysis tool or have questions about this index, contact Jeanne Besner or visit the Asset Level Index page.
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INREV Asset Level Quarterly Index
Published on 03 Jun 2025
The INREV Asset Level Index is a quarterly pan-European index measuring real estate market performance on an asset level across Europe.