INREV Market Insights

Latest INREV Market Insights confirms the anticipated European non-listed real estate recovery

• The Consensus Indicator reached a record high of 55.8 in September, marking its third consecutive quarterly increase, though leasing and operations showed signs of weakening, highlighting risks in the letting market.
• Most INREV Consensus Indicator Survey participants expect Q3 2024 pan-European performance to be driven by rental income, though yield expectations vary, with regions like the Nordics and Spain nearing the end of repricing.
• Spain has overtaken the UK as the top investment destination, with moderate positive sentiment in Northern Europe, particularly in Germany, while France lags behind.
• Residential remains the most favoured sector, while the office sector continues to experience negative sentiment, declining from previous quarters.
• In Q2 2024, residential and industrial/logistics sectors performed best, with the Netherlands and UK leading country performance, while Germany posted its eighth consecutive quarter of negative returns at -0.61%.