December INREV Consensus indicator reaches all-time high of 57.8

The December INREV Consensus Indicator marked its fourth consecutive improvement, reading 57.8 — a notable increase from September’s 55.8.

Key highlights include:

• At 57.8, the latest results set a new all-time high since we started to track the market consensus in March 2023.
• For the first time, three of the five subindicators surpassed the 60 mark. At 63.3, the investment liquidity subindicator maintained the lead for the second consecutive quarter.
• The economic subindicator fell to 47.4, marking a notable slide from 58.6 in September, falling below the 50 ‘growth’ mark for the first time since December 2023. This sharp deterioration highlights that the downside risks remain.

Download the Consensus Indicator below.

Intrigued to learn more? Stay tuned for our Market Insights update next week, for a quarterly overview of what is happening in the evolving non-listed real estate investment industry at a European level.