Real Estate Newsletter - November 2024
A Mark to Market of European Real-Estate Collateral
How does a lender get a picture of the health of loans in a market when detailed information is hard to come by? In comparison with the U.S., which benefits from high levels of loan-data disclosure that power the MSCI Mortgage Debt Intelligence database, European debt markets are opaque. In new research, we present a way for lenders to anticipate refinancing challenges — an issue of key importance to banks as new regulations come into force.
Along with our pioneering debt-fund index, MSCI continues to draw back the curtain on lending in Europe.?
News Highlights
Real Estate in Focus: Light Is There but the Tunnel Is Long
While monetary-policy easing has given investors some hope for a rebound in the global commercial-property market, rate cuts are unlikely to solve all the challenges ahead. We outline the state of the recovery.
Pricing Still on the Back Foot While Activity Improves
In the third quarter, transaction volumes in Europe, Asia and Australia matched or slightly improved on the levels of a year ago, the latest MSCI research shows. On the pricing front, however, the trend was stubbornly negative, according to the RCA CPPI Global Cities Composite Index.
Download the Capital Trends reports (client access only)
How Asset Owners Are Redefining the Total Portfolio Approach
Global asset owners are increasingly adopting a total portfolio approach (TPA) to allocating capital and structuring investment teams, as learned at the recent MSCI Institutional Investor Forums. Benchmarking holding-level performance rather than fund-level may provide better insights for clients moving forward.
Sizing Up the Global Market Portfolio
By 2023-end, MSCI estimated that the investable global market portfolio reached a market value of USD 213 trillion, reflecting a 11% year-on-year growth. Despite some property valuation headwinds, the global real estate market capitalization grew by 1.45% in 2023, outpacing listed real estate.
Missed out?
Real Estate in Focus: US webinar? - Listen again
Real Estate in Focus: Australia webinar - Listen again?
Real Estate in Focus: Europe webinar - Listen again
MSCI / REALPAC Canada Quarterly Property Fund Index – Q3 2024 - Listen again?
MSCI / PREA U.S. Quarterly Property Fund Index, Q3 2024 - Listen again
Real Estate in Focus: APAC webinar - Listen again?
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