Positive momentum continues for European asset performance across all four main geographies

The INREV European Quarterly Asset Level Index recorded a total return of 1.65% in Q3 2024, marking the highest performance in nine quarters and a quarter-on-quarter improvement of 51 bps, driven by capital growth of 0.58%

Key highlights include:  

• Country-level performance:
  • Dutch assets continued to lead performance among the major markets for the fifth consecutive quarter, with the return rising by 49 basis points to 2.98%. 
  • The UK followed with a return of 1.54%, underpinned by capital growth of 0.47%. The French assets recorded their highest total performance in nine quarters of 1.10%, while German assets recorded a return of 0.56%, the first positive performance in two years.
• Sector performance:
  • Residential assets continued to lead as the top-performing sector, delivering a return of 2.85%, led by Dutch assets and supported by capital growth of 2.00%.
  • The industrial/logistics sector followed with a total return of 1.64%. 
  • Retail assets steadily recovered, achieving a total return of 1.44%, narrowing the performance gap with the leading sectors. 
  • Meanwhile, the office sector rebounded optimistically, recording a 0.43% return—its first positive result in eight quarters—supported by significant contributions from the Dutch and French markets.

INREV is calling for members to join this important initiative.

In Q3 2024, INREV is pleased to welcome its newest Asset Level Index participants, Barings and Morgan Stanley Real Estate Investing, totalling 35 companies.

If you would like to schedule a demo of the Asset Level Index Analysis tool or have questions about this index, contact Jeanne Besner or visit the Asset Level Index page.