Preqin 2025 Global Report: Real Estate

Total deal value across major markets shows growth in the first nine months of 2024, but investors are still in wait-and-see mode.

• North American deal-making has shown the slowest growth by deal value, at a modest 5%, with the residential sector falling for a second consecutive year

• Fundraising was sluggish over the first nine months, with a 22% contraction in global capital raised, although capital into large and medium funds surged

• Total deal value for LP direct investments in Europe jumped by 175% from 2023, amid expectations of a recovery in valuations

• Our analysis points to shortcomings of the REIT index in accurately representing the long-term returns of its private real estate counterparts