Intro part 2


2020 has taught us how crucial clarity and consistency is under uncertainty, and how important it is to learn lessons from the past, no matter how novel the current environment may feel. Fuelled by the investing ambitions of our clients it’s been four decades since we launched the MSCI UK Annual Property Index and began to help our clients meet the moment through turbulent times, property booms, bubble bursts, market crashes and technological change. Looking back, there are many real estate investing trends that emerged over the last 40 years that we see reflected during our current COVID-challenged times and are therefore showcased here in the second part of this year’s MSCI Real Estate Research Snapshot. I hope you enjoy reading and don’t hesitate to get in touch to discuss any of these research themes in more detail.


Will Robson
Executive Director,
Global Head of Real Estate Solutions Research, MSCI


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2020 content tabs part 2

Some commercial tenants have stopped paying rent amid COVID-19. Without rental income, property funds are not able to pay distributions to shareholders and borrowers cannot service their debt. We analyzed property-fund data to assess the impact on investors. Read More


Income returns are lower than they were pre-pandemic

MSCI property fund indexes: 6 month asset level income return

Source: MSCI Pan-European Quarterly Property Fund Index, MSCI/AREF UK Quarterly Property Fund Index, MSCI/PREA U.S. ACOE Quarterly Property Fund Index, MSCI/REALPAC Canada Quarterly Property Fund Index, MSCI/Mercer Australia Core Wholesale Monthly Property Fund Index

With new COVID-19 lockdowns and swaths of white-collar workers working from home, many office tenants are contemplating whether the future of work includes office space. This could have significant impact on office demand and income from leases. Read More


Even under less conservative scenarios, 40% of office rental income could be eroded by 2025

Source: MSCI Real Estate

Infrastructure investments have not been spared the effects of the pandemic. A closer look across investment types, subsectors and risk levels over time may provide useful perspective as private-capital firms and their investors manage through. Read More


Sectors' weighted contribution to total return

Source: MSCI

Property investors turned to global gateway cities to diversify portfolios and generate capital growth in the years since the 2008 global financial crisis. We assess whether COVID-19 could jeopardize the relative dominance of these power cities. Read More


Income had greater impact on capital growth in prime locations

Source: MSCI Real Estate


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RE research snapshot related content part 2