The net assets of regulated European real estate alternative investment funds (AIFs) totaled €1.05 trillion ($1.23 trillion) at the end of 2025 — an increase of 1.4 percent, or €14 billion ($16.4 billion), compared with the previous year. This is according to the latest figures from the European Fund and Asset Management Association (EFAMA). Growth in the number of funds also continued in 2025. The number of European real estate AIFs increased by 226 funds, from 4,032 at the end of 2024 to 4,258 at the end of 2025.
“European property funds continued to record modest growth last year, albeit at a significantly more subdued pace than in previous years. The latest figures are an initial sign that the market is bottoming out and gradually stabilizing,” says Ilva Diaco, conducting officer for portfolio management, marketing and distribution at INTREAL Luxembourg. “We are currently seeing a selective recovery — but there is still no sign of a broad-based easing. The f
