In this uncertain environment where the "wait and see" policy has become a key factor, the real estate transparency and liquidity are now more than ever decisive factors, for investors as well as the entire economy.

In collaboration with the global competitiveness cluster FINANCE INNOVATION, the "Epargne Immobiliere et Fonciere" Institute has developed two indexes: - the EDHEC IEIF for corporate real estate France, of immediate release and on a monthly basis; - the notaries index IEIF for housing in Ile-de-France, which will be published as of the beginning of 2009 and also on a monthly basis.

The EDHEC IEIF corporate real estate France index measures the performance of shares traded from an associated portfolio of unlisted real estate funds, (7.5 billion euro spread out over 3400 assets). It is a transactional index, representative of the corporate real estate market in France. Calculated on a monthly basis this index has two variations: the price index and the index of reinvested revenues. Therefore, for September, the index shows a decrease of -1.1%, (price index). The historical series go back to December 1980. The UFG group, specialized in hedge funds and leader in France in the management of unlisted real estate investment trusts (REIT), has participated in the financing of EDHEC-IEIF’s research into the statistic methods for monitoring the performance of the corporate real estate.

The Notary IEIF index of housing in Ile-de-France measures the performance of the residential real estate market in Paris and the five surrounding departments. The index, which is seen as a reference point with regards to housing is the Notary INSEE index, a hedonic index published quarterly since 2000. The Chamber of Notaries of Paris Ile-de-France who have access to a unique data base regarding real estate transactions, have decided to complete, in collaboration with l’IEIF, this information tool for the market players. As of 2009 the IEIF Notary housing index, which comes from the generating of parametric indexes, will be published monthly.

All the players in the real estate business, and especially the investors, will have access to a more responsive view of the real estate market. A higher degree of transparency can only be beneficial to the functioning of the real estate markets. These two new indexes will also enhance the development of hedging and real estate risk management instruments.

More information: IEIF