ANREV, INREV and NCREIF are pleased to present the latest in a series of quarterly snapshots of what’s happening in the global real estate investment market.

In this short two-page snapshot, the Global Research Committee share their views of the global macroeconomic and property market landscape, drawing on data and insights from recent global indices and global surveys jointly conducted by all three associations.

Key highlights from July 2025 include:

• Global real estate markets posted modest gains in Q1 2025, but investor caution persists amid valuation uncertainty and macroeconomic risks.
• Capital is being strategically reshuffled across sectors and regions, with growing interest in resilient themes and long-term alignment.
• Core and ODCE-style funds are attracting more capital than non-core funds due to their transparency, governance, and lower-fee structures.