Real Estate Deal Value Report: Europe Becomes Key Performer in Q4 2024

Preqin, the global firm focused on alternative data and insights, released its Real Estate Q4 2024 (a Quarterly Update report).

Henry Lam, the lead author of the report, notes that quarter-on-quarter growth in total deal value during Q4 2024 was “recorded across all the major regional markets globally.”

Rate cuts in the Eurozone further encouraged investment activities in the region, resulting in Europe being the “standout performer, with 70% quarter-on-quarter growth, reaching $7.6bn.”

The report goes on to show that global real estate fundraising hit a year low by Q4 2024, continuing “a downward trend that began earlier that year.”

Total fundraising for the asset class reached $10 billion, a weaker quarter than even the “worst of the global pandemic, meaning any quarters since the beginning of 2020.”

Key report facts:

  • Real estate deal-making shows renewed momentum: Total global deal value for Q4 2024 increased to $47bn from $38bn in Q3 2024. Both investors and fund managers demonstrated growing optimism about the future of real estate, according to the latest Preqin surveys. Overall, 2024 was a more solid year for deal-making, with annual aggregate deal value up by more than 25% year-on-year, according to data from Preqin Pro.
  • Regional deal-making trends: While Europe experienced strong growth overall in Q4 2024, North America saw aggregate deal value for offices increase the most. Rising by 16% quarter-on-quarter, the $5.6bn recorded for Q4 2024 was the highest quarterly value for two years, according to Preqin data. Global office transaction values in Q4 2024 hit $10.1bn, second only to residential at $13.8bn.
  • Investor sentiment: According to recent Preqin surveys, the percentage of respondents indicating plans to increase their commitments to real estate funds rose from 20% in June 2023 to 45% in November 2024.

Henry Lam, Associate Vice President Research Insights, at Preqin, says:

“The steep decline in global real estate fundraising last year means dry powder supplies are low – and this could eventually impact real estate assets under management, as highlighted in our 2025 Global Report on Real Estate. However, investor sentiment is improving, particularly for real estate funds and this this improvement suggests a recovery in real estate fundraising in 2025.”



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