The INREV Consensus Indicator is a new diffusion index launched in December 2023 to measure the direction of trends in the European non-listed real estate market. It comprises a headline and five sub-indicators, summarising whether market conditions are expanding, staying the same, or contracting.
The March 2024 Consensus Indicator shows:
- All five subindicators improved since December, yet financing, investment liquidity and new development subindicators remain in the sub-50 territory, indicating on-going contraction / negative sentiment.
- Leasing and operations maintains the lead and is the only subindicator to reach the above 60 mark. The economic subindicator follows, having increased to 55.1.
- Over 71% of participants expect Q2 2024 performance to be driven by rental growth, while over 37% expect further expansion of yields.
For more detailed insights and analysis download the full overview below or visit the Consensus Indicator page. Stay tuned for the Market Insights report next week to get a quarterly overview of what is happening in the evolving European non-listed real estate investment industry.
INREV Consensus Indicator
Last updated on 05 Dec 2024