Real Estate Q4 2025: Preqin Quarterly Update

Products
- Our products
  - Preqin Pro
    Alternative assets data platform
  - Preqin Insights+
    Institutional research
  - Term Intelligence
    Benchmark LPA terms
  - Preqin Benchmarks
    Industry's leading performance data
- - Preqin Sustainability
    ESG data and insights
  - Company Intelligence
    Companies & deals data
  - Enterprise Data Solutions
    Flexible data delivery solutions
  - Transaction Intelligence
    A $5.4tn transaction repository
- - Client stories
    What our clients say
- Quick Links
Solutions
Insights+
- Private markets research
  - Homepage
    Browse reports
  - Search
    Search the research library
  - Webinar recordings
    Join conversations with our analysts
- - Meet the analysts
    Meet the team behind the reports
  - Learn more
    Learn more about Insights+
- Quick Links
News & content
- News & content
  - Homepage
    See the latest news & content
  - Events
    Upcoming events and webinars
- Resources
  - Free Benchmarks
    See Preqin Benchmarks in action
  - Data coverage map
    Interactive map of Preqin's data coverage
  - Preqin Profiles
    Key investor, manager, and company data
- - Preqin Academy
    Lessons in alternatives
  - Compensation calculator
    Private capital salary information
- Quick Links
About
- About
  Our Company
- Connect
  With Us
  - Careers
  - Contact us
- Quick Links
QuickLinks
- Quick Links

Despite a year-on-year increase in real estate fundraising for 2025, the total remains below our five-year average indicating a full recovery has yet to be reached

Real estate fundraising reached $155bn in 2025, surpassing 2024 levels even as momentum cooled in H2
Income-generating strategies, which include core, core-plus, and real estate debt, accounted for 57% of Q4 fundraising, well above the five-year quarterly average of 30%
Global transaction value showed signs of stabilization in late 2025, driven by deals in North America, but failed to match 2024 total after a softer H1