European real estate shows positive signs of recovery

With a headline reading of 55.8, the latest INREV Consensus Indicator, confirms the much-anticipated recovery for the European non-listed real estate investment market. This represents the third consecutive quarterly improvement since the indicator first exceeded 50 in March 2024.

Four of the five subindicators show positive improvement. At 59.5, the investment liquidity subindicator registered the most significant uptick for the second consecutive quarter, rising sharply from 32 a year ago. The only reading just under 50 is for the new development subindicator, which is at 49.7, despite consistently improving since December 202