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Sign in Sign up for a FREE subscriptionINREV research reveals sixth quarter of negative performance for European real estate
INREV’s Quarterly Fund Index has confirmed an ongoing correction in the European real estate market. The fourth quarter 2023 performance was yet again negative, a total return of –1.70 percent, and a sharp decline from –0.56 percent reported in third quarter 2023.
Capital growth remained the primary driver of negative performance, at –2.83 percent. This 165-basis points quarter-on-quarter decline marks a sixth consecutive quarter of falling values, bringing the total correction to –15.50 percent. As anticipated at year-end, a significant rise in income distribution by funds led to a higher distributed income return of 1.13 percent, a 52-basis points increase from the previous quarter.
The latest INREV Consensus Indicator, designed to capture market sentiment and turning points, reveals a more positive outlook with a headline reading of 50.2. It is a notable incr
