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Consensus Indicator

Published quarterly

Welcome to the INREV Consensus Indicator, a new diffusion index designed to measure the direction of trends in the European non-listed real estate market. Our goal is to provide the market with timely quarterly insights into the dynamics of current and anticipated conditions in economy, investment, leasing and operations, development, and new lending. Positioned to become the leading indicator for European non-listed real estate.  

About 

The Consensus Indicator comprises a headline and five sub-indicators, summarising whether market conditions are expanding, staying the same, or contracting.  

Ranging from 0 to 100, the Consensus Indicator offers clear interpretations:  

  • a Consensus Indicator exceeding 50 signals growth; 
  • a reading of 50 denotes no change;  
  • a reading below 50 indicates contraction; 
  • the further the results are from the 50 mark, the greater the level of change. 

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INREV Consensus Indicator

Published on 12 Jun 2024

Latest highlights
Columns

June Consensus Indicator suggests the beginning of the European non-listed real estate market recovery is near

  • ­At 53.6, the June INREV Consensus Indicator reveals a notable increase from the 50.2 reported in March.
  • Four of the five subindicators now exceed 50, with new development being the only subindicator below the 50 mark, at 48.9.
  • Leasing and operations maintains the lead as the strongest subindicator, albeit falling slightly to 58.9. The economic subindicator stands second, having increased to 56.1, a second consecutive improvement.
  • Growing bifurcation as close to 15% of aggregate portfolios experienced a decline in rents this quarter, against 56% with an overall improvement.
  • Intrigued to learn more? For a quarterly overview of what is happening in the evolving non-listed real estate investment industry at a European and at a global level visit our Market Insights page.

Intrigued to learn more? For a quarterly overview of what is happening in the evolving non-listed real estate investment industry at a European and at a global level visit our Market Insights page.  

In the press
19 Jun 2024 - Property EU
Iryna Plylypchuk, director of research and market information at INREV, has said its Consensus Indicator suggets the market is close to bottoming out.
19 Jun 2023 - Hotel Analyst
Signs of a European real estate recovery are starting to appear, report INREV. Its latest quarterly sentiment survey shows four of five indicators more positive than in March. Transaction volumes have yet to pick up, and were at EUR33bn for Q1 of 2024.
20 Jun 2024 - The Asset
Market sentiment indicator improves for second straight month
19 Jun 2024 - Property Magazine International:
The latest INREV Consensus Indicator, designed to capture market sentiment and turning points, showed a second consecutive improvement with a headline reading 53.6.

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