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Real estate
Q1 2026 Global Trends and Tactics:
Real estate opportunities and risks in the current environment
Global real estate stabilizes with six consecutive quarters of positive returns as transaction activity strengthens
- Global private real estate values have increased for four consecutive quarters through Q3 2025, with total returns positive across all 21 countries in the MSCI index, supported by stable income returns averaging 1-2% quarterly
- Transaction volumes reached $790 billion over the trailing year across the U.S., Europe and Asia Pacific, a 12% increase year-over-year, as pricing stabilizes below 2019 levels and institutional investors remain 63% under-allocated to real estate globally
- Real estate debt markets present compelling opportunities as capital values recover and elevated margins provide attractive risk-adjusted returns
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