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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The latest INREV Market Insights suggest positive momentum at year-end
- The Netherlands and Spain outperformed other markets, with total Q3 asset level returns of 2.06% and 1.96%, respectively. France and Germany recorded an increase in performance, albeit remaining on the low end of the market performance scale.
- Southern Europe registered the strongest net sentiment, led equally by Spain (21%) and Italy (21%). Germany followed with a positive reading despite weak performance. France fell on the other end of the scale, reporting a -11% net sentiment, significantly lower than its long-term average.
- For the first time since September 2024, four of the five subindicators surpassed the 50 mark. At 70.1, the financing subindicator maintains its lead in December, recording the highest reading observed across all subindicators since the series began.
In the press
17 Sep 2025 - INREV
The latest INREV quarterly Market Insights reveal improving, albeit still cautious, sentiment across the European non-listed real estate market.
23 Sep 2025 - Property NL
In het tweede kwartaal van 2025 behaalde Nederlands vastgoed een totaalrendement van 2,28%, een kleine stijging ten opzichte van de 2,19% in het voorgaande kwartaal.
17 Sep 2025 - Requadro
L’Italia alimenta il sentiment positivo nell’immobiliare non quotato europeo
17 Sep 2025 - Green Street News
Signs of sentiment stabilisation seen in France and Germany, INREV says
17 Sep 2025 - Real Estate Capital Europe
The industry body’s sentiment survey details how respondents perceive the lending landscape to have improved.
All press releases