INREV says its latest Consensus Indicator figures show positive sentiment is growing over prospects for the non-listed European real estate market.

The index’s headline number was 57.8 in December 2024, up from 55.8 in September 2024 and the highest the figure has reached since INREV started tracking the market consensus in March 2023. A Consensus Indicator number of above 50 represents growth.

For the first time, three of the five subindicators that make up the index surpassed 60. The investment liquidity subindicator rose from 59.5 to 63.3, maintaining its lead for the second consecutive quarter. This suggests the build up of a deal pipeline and a growing desire to transact, says INREV. At 61.5, the financing subindicator showed the most significant improvement, up from 56.6 in September. More than a quarter of the 38 respondents questioned for the index, have said that both alternative lenders and traditional lenders have started to be more activ