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 improves to 56.4, marking the first uptick in three quarters.
Key highlights include:
- Four of the five subindicators registered improvement. The investment liquidity subindicator showed the most significant rebound, climbing to 55.2 after slipping below the 50 threshold in June.
- Financing remained the lead subindicator at 67.3, representing the strongest reading recorded across any subindicator since we started to track the market consensus in March 2023.
- Leasing and operations was the only subindicator to soften, easing from 58.9 to 58.1, though it continues to rank second highest this September amongst the five.
For a quarterly overview of what is happening in the evolving non-listed real estate investment industry at a European and at a global level, visit our Market Insights page.