The real estate fund sector in the UK and Ireland continues to face mounting challenges, closing 2024 with full-year net outflows of £1.155 billion, according to the latest data from Calastone, the largest global funds network. This marks the seventh consecutive year of capital flight from the sector.

The UK and Irish real estate markets underwent a transformative year in 2024, characterised by contraction, mergers, and cautious optimism. After years of declining capital values, signs of recovery began to emerge, buoyed by stabilising inflation and the initial stages of base rate cuts.