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INREV Annual Index

European non-listed real estate surges with near double-digit returns

16 May 2018, Amsterdam – European non-listed real estate continues to perform well for investors, according to the recently published 2018 INREV Annual Index. The All Funds Index delivered a total return of 9.40% over 2017, up from 5.99% in 2016.

The impressive returns were boosted by a jump in capital growth, from 2.39% to 5.51%. Distributed income returns also saw gains to 3.88% from 3.59%.

Significant gains in key markets 

Netherlands outperformance boosts total real estate returns in Europe

The Netherlands posted the strongest non-listed real estate performance on record with total returns of 14%, according to the INREV Annual Index 2017. Despite this boost, annual returns across Europe dropped to 6.0% in 2016 from a nine-year high of 9.7% in the previous year.  Much of the fall was driven by weaker performance in Q2 and Q3 which stemmed from much lower valuations in the UK during the turmoil of a Brexit referendum.

Non-listed real estate returns hit nine-year high

1 June 2016, Amsterdam The performance of non-listed real estate accelerated in 2015, with total returns up to 9.7%, from 8% in 2014, according to INREV’s latest Annual Index.

Last year’s total return is the highest seen since 2006. Overall returns were boosted by the particularly strong performance of value added funds, which rose to 14.2%. Core funds also registered an improved return of 9%, while closed end (10.7%) slightly outperformed open end funds (9.3%).