INREV Market Insights
Published quarterly
Welcome to the INREV Market Insights, a research snapshot aggregating views from the membership to assess the dynamics and business-oriented implications for the non-listed real estate industry. This report draws data from the INREV European indices and surveys, including the Consensus Indicator, Asset Level Index, INREV Fund Index and more.
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A further decline in sentiment, while performance holds firm
- The June INREV Consensus Indicator recorded a headline reading of 41.0, falling 13.8 points from 54.7 in March 2026. This represents the first contraction since December 2023 and reflects a widespread weakening in sentiment. The economic subindicator recorded the sharpest deterioration, falling to a historic low of 24.0 in June.
- As for the performance, the Netherlands emerged as the strongest, delivering the Q1 asset level return of 2.90%, while Spain and the Nordics followed, with 2.20% and 2.01%, respectively. The UK delivered 1.05%, while France and Germany lagged behind, albeit remaining in positive territory.
- The residential sector recorded the strongest performance in Q1 2026 with a total return of 2.85%, including a capital growth of 2.04%. Both measures represent the sector’s highest quarterly outcome since Q3 2024. Retail assets followed with a total return of 1.47%. The sector recorded the highest net sentiment this June.
In the press
17 Jun 2026 - IREI
The June INREV Consensus Indicator fell to its all-time low of 41.0, down from 54.7 in the previous quarter.
17 Jun 2026 - Vastgoedmarkt
17 Jun 2026 - Real Asset Insight
There is a striking disconnect between market performance and investor confidence this month, the latest Market Insights and Consensus Indicator data from INREV reveals.
26 Mar 2026 - Requadro
25 Mar 2026 - CRE Herald
European real estate gains momentum in Q4, but sentiment slips on geopolitical concerns, INREV says.
25 Mar 2026 - IPE Real Assets
Geopolitical uncertainty has triggered a sharp deterioration in European real estate investor sentiment, according to INREV’s latest survey, despite improving returns.
25 Mar 2026 - Property Magazine International
The March INREV Consensus Indicator fell to 54.7, down from an all-time high of 59.4 in December 2025, as recent geopolitical developments prompted a sharp reassessment of near-term expectations.
All press releases