Global real estate stabilizes with seven consecutive quarters of positive returns as transaction activity strengthens
- Global private real estate values have increased for five consecutive quarters through Q4 2025, with total returns positive across 20 out of 21 countries in the MSCI index, supported by stable income returns.
- Transaction volumes reached $890 billion over the trailing year across the U.S., Europe and Asia Pacific, a 17% increase year-over-year, as pricing stabilizes below 2019 levels.
- Global institutions are starting the year below their target allocation to real estate with nearly 3x as many investors planning to invest more capital in 2026 compared to those who intend to invest less.
