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Confidence weakens in European real estate as economic and political challenges hit home

19 March 2025, Amsterdam – The latest edition of the INREV Market Insights reflects a mixed picture for European real estate. While market performance show further signs of improvement, sentiment remains cautious, and in some areas, it is deteriorating. The latest INREV Consensus Indicator reveals a weakened sentiment in the European real estate sector. The Indicator’s headline reading of 56.7 marks a drop from 57.8 recorded in December 2024, the first decline since September 2023. All five sub indicators declined...

INREV launches ESG Valuations Focus Group

05 February 2025, Amsterdam – The European Association for Investors in Non-Listed Real Estate Vehicles (INREV) has today announced the formation of a new focus group, created to further support the integration of Environmental, Social, and Governance (ESG) factors into real estate investment valuations and underwriting. The group comprises senior experts from across the industry, such as investment managers, institutional investors, valuers, and representatives from the Big Four accounting firms. The organisations include: KLP APG PGGM Ivanhoé Cambridge, the real...

Global real estate allocations edge closer to targets in 2025

15 January 2025, Amsterdam – Allocations to real estate align more closely with target levels globally, according to the 2025 Investment Intentions Survey – published today by INREV, ANREV and PREA. The average current allocation to real estate globally stands at 8.7%, just below the average target of 9.0%. European investors, who had been overallocated for the past two years, now report their average allocation matching their average target of 9.4%. North American investors continue to show the highest current...

European real estate sector continues positive progress

11 December 2024, Amsterdam – With a headline reading of 57.8, the latest INREV Consensus Indicator reveals continued signs of recovery for the European non-listed real estate, up from 55.8 in September 2024. This marks the fourth consecutive quarterly improvement, and the highest reading since INREV started tracking the market consensus in March 2023. For the first time, three of the five subindicators surpassed 60. The investment liquidity subindicator rose from 59.5 to 63.3, maintaining its lead for the second...

Institutional capital well positioned to help address €12 trillion cost of unmet housing need in Europe

20 November 2024, Amsterdam – Europe’s broken housing market requires around €11.8 trillion to address not just the chronic undersupply of appropriate housing, but affordability and energy efficiency of these homes, according to new research published today by INREV. The paper, entitled ‘Solving Europe’s housing challenge: Aligning institutional capital to public policy ambitions through an industrial housing strategy’, bases its estimate on stated housing policy requirements over the next ten years, alongside the cost of delivery per housing unit reported...

European real estate shows positive signs of recovery

18 September 2024, Amsterdam – With a headline reading of 55.8, the latest INREV Consensus Indicator , confirms the much-anticipated recovery for the European non-listed real estate investment market. This represents the third consecutive quarterly improvement since the indicator first exceeded 50 in March 2024. Four of the five subindicators show positive improvement. At 59.5, the investment liquidity subindicator registered the most significant uptick for the second consecutive quarter, rising sharply from 32.0 a year ago. The only reading just...

INREV appoints Casper Hesp as new CEO

20 July 2024, Amsterdam – INREV has announced the appointment of Casper Hesp as its new CEO. Casper joins INREV from Achmea Real Estate, where he was Director, Investment Management. He was responsible for Achmea’s investment management team and has extensive experience of the efficient management of funds, separate accounts and international investments. Casper brings a wealth of expertise of the non-listed real estate industry gained over 17 years. Before joining Achmea Real Estate, Casper was with INREV between 2007...

Institutional capital flows to residential real estate increase exponentially

26 June 2024, Amsterdam – In 2023 institutional investment in residential real estate hit 22.7% as a share of total assets under management (AUM) within the INREV Annual Fund Index, up from 6.6% in 2013, according to new research published by INREV. It has moved from being the smallest to the largest major sector across single sector funds while office and retail have contracted. At the same time residential allocations in the multi sector funds have also notably increased. The...

First signs that European real estate recovery is near

19 June 2024, Amsterdam – The latest INREV Consensus Indicator, designed to capture market sentiment and turning points, showed a second consecutive improvement with a headline reading of 53.6. This is a notable increase from the 50.2 reported in March 2024 and suggests that the European non-listed real estate market may be close to the start of a recovery. Four of the five sub-indicators now exceed 50, with the economic sub-indicator increasing to 56.1. New development was the only exception...