Based on supporting fundamentals and decent valuations, we indicated at the start of the year that the listed real estate sector is set up to provide for a year of decent high-single-digit returns, in line with longer term historic averages. Moreover, we noted that the defensive and diversification qualities of listed real estate would increasingly be appreciated by investors who wish to limit risk associated with the possibility of further tech sector volatility in 2026.
The war in the Middle East, however, has clouded the outlook for the sector, especially as the sector is sensitive to rate movements. Our longer-term outlook post the Middle East war, however, remains constructive, as we believe underlying supportive trends would remain in place.
Trends had unfolded largely as expected until the end of February 2026
Global real estate trends have continued their positive trajectory through 2025, and into the first two months of 2026, as antici
