IPF Research Programme 2025 Grant Awards
The IPF Research Programme runs a Grant Award scheme, the aim of which is to provide financial assistance, of up to £9,000, to encourage real estate investment research. Prospective applicants are encouraged to examine issues that would advance the real estate investment industry’s understanding of and implications for asset pricing, risk-adjusted performance and investment strategy. The scheme is also open to individuals working within institutional organisations, where the grant may be used to fund data acquisition (as financial support is unlikely to be appropriate).
After the deadline for submissions in September 2025, two projects were awarded grants. The reports of their research are included below:
Global Capital Flows in a World of Increasing Nationalism and Protectionism: 2025 Update
In 2019, the IPF commissioned Control Risks and Didobi to consider a more nationalist and protectionist world may look like and what repercussions this could have for real estate investors. This report is available to download here.
The IPF awarded a research grant to the same research team to undertake a review of how their expectations in 2019 compare with actual events some five years on. The researchers also look ahead to 2030 and make five key recommendations as to how to investors can gain most from market participation in changeable political and economic circumstances. The update report is below.
Global Capital Flows in a World of Increasing Nationalism and Protectionism: 2025 Update
Real Estate Exposure and Investment Performance of Pension Funds: Evidence from OECD Countries
This study investigates the effect of pension funds’ real estate holdings on their investment performance, using data from 12 OECD countries between 2007 and 2023. The research assesses if greater exposure to real estate improves the investment performance of pension portfolios and whether this effect remains consistent under different market conditions. The report can be accessed below.
Real Estate Exposure and Investment Performance of Pension Funds: Evidence from OECD Countries
To find out more about the Grant Award scheme, please contact Sue Forster, IPF Chief Executive: sforster@ipf.org.uk
To view previous Grant Award research, please click here.