NCREIF Q2 data show appraisers still lagging reality

A second consecutive reduction in the size of value falls – just 1.4% q/q – in the Q2 NCREIF NPI appears to point to the price correction being all but over. However, with evidence of distress growing and larger price falls reported in other indices, we still expect further value declines over the coming quarters.

Our team have recorded a special podcast episode all about the big themes in commercial real estate. The 12-minute episode showcases our enhanced coverage which provides a more global, comparative view of how the key markets we forecast are performing, touching on issues such as the question of growing distressed assets but also whether political uncertainty on both sides of the Atlantic is affecting sentiment and activity.