Markets

INDUSTRIA survey: Around 50 percent of institutional investors want to keep real estate quota constant

The INDUSTRIA survey "Residential Investment Trends 2026" among institutional investors shows: 50 percent want to keep their real estate allocation constant over the next twelve months, around 31 percent want to reduce it slightly and 5.6 percent want to reduce it more strongly; it is expected to rise at about 14 percent. Around 30.4 percent of planned real estate investments are accounted for by residential, the core orientation is increasing (91.3 percent), yield requirements are falling and the propensity towards Germany is rising to 74.2 percent. The survey ran from March 3 to April 21, 2026 and includes 36 responses.

Hines sees “strong buy” opportunity in premium offices in Europe – top German locations also benefit

Hines rates first-class office properties in Europe as "Strong Buy": Tight supply and above-average rental growth create attractive buying opportunities, especially in German A-locations. According to the study, prime rents have risen by 35.6 percent since Q4/2019, while construction activity has fallen sharply; the focus is on high-quality, centrally located areas.

Why residential real estate remains attractive in uncertain times

In an environment of geopolitical uncertainty, higher energy prices, inflation and rising government debt, residential real estate is gaining in importance as a real, high-yielding and comparatively stable investment. While German government bonds are losing their self-evident status as a "safe haven", long-term trends such as rental potential and recovery costs are supporting the asset class; private investors are also acting with a longer perspective. Property quality, energy efficiency, micro-location and diversification remain decisive – short-term crises do little to change the long-term positive picture.

APAC deal activity down by 6% YoY in Q1 2026, reveals GlobalData

Transaction activity in the APAC region declined by about 6% year-on-year in the first quarter of 2026, GlobalData said. While venture financing increased by 21%, M&A (-26%) and private equity deals (-42%) collapsed; China, on the other hand, saw about 38% more deals, while Japan, Australia, South Korea and Singapore saw significant declines.

Logistics real estate market: tailwind despite geopolitical tensions

The rental market for logistics properties has started 2026 with new momentum. Driven by renewed growth in e-commerce and increased leasing by Asian users, demand remains high, while vacancies are low, but regional divergence and rents are stabilizing at inflation levels. At the same time, subletting is increasing and geopolitical risks such as the Iran war are increasing uncertainty.

Münchner Immobilienmarkt 2026 – Wachstum trifft auf Engpässe und steigenden Transformationsdruck

Despite solid fundamentals, the Munich real estate market is showing growing pressure to adapt in 2026: rising financing costs, uncertain capital markets and structural bottlenecks are slowing down investment. In the residential segment, rents are rising amid declining construction activity, vacancies in the office market are climbing to around 10 percent, while prime rents in prime locations continue to rise. Experts emphasize the need for faster approvals, integrated development concepts and the revitalization of existing stocks.

DAVE connects markets: Vienna benefits from cross-border investments

After the first quarter of 2026, the Viennese real estate market is showing signs of stabilisation: better financing conditions are stimulating demand, while supply – especially in new construction – remains scarce. Vienna also scores points in the commercial segment with low vacancy rates, stable rents and high demand for ESG-compliant space; cross-border investments with Germany are gaining in importance, as DAVE and cooperation partner Arcadis emphasize. For the coming months, the experts expect further stabilization and attractive opportunities for selective investments.

“Stabilization yes, new dynamics rather not”

Stefan Hoenen, Head of Commercial Real Estate at Hamburg Commercial Bank, comments on today's interest rate decision by the European Central Bank.

“Stabilization yes, new dynamics rather not”

Stefan Hoenen, Head of Commercial Real Estate at Hamburg Commercial Bank, comments on today's interest rate decision by the European Central Bank.

“The longer the Iran war lasts, the more likely it is that key interest rate hikes will become”

Statement by Francesco Fedele, CEO of BF.direkt AG, on the ECB's interest rate decision.

“We are currently in a transition phase: away from a slowflation environment with weak growth and slowly falling inflation at the same time, towards a phase with a high risk of stagflation”

Prof. Dr. Steffen Sebastian, Chair of Real Estate Financing, IREBS Institute for Real Estate Economics, University of Regensburg on the ECB's current interest rate decision.

Postponed is not canceled!

Statement on today's interest rate decision by the European Central Bank

Market commentary: ECB remains in wait-and-see mode despite rising headline inflation

The ECB is leaving the deposit rate unchanged at 2.0% despite higher headline inflation. While inflation in Germany rose to 2.9% in April and core inflation fell to 2.3%, the central bank remains data-driven and waits. For the real estate market, the interest rate pause means stability in the short term; if price pressure persists, a further tightening is possible in the summer.

“Aengevelt: Waiting for the breakthrough in building construction.”

Despite increasing building permits, Aengevelt Immobilien still does not see a trend reversal in building construction. Calendar and seasonally adjusted new orders recently fell significantly in a three-month comparison, while civil engineering remained stable; in addition, sales in the main construction industry in February 2026 were 13.2 percent below the previous year in price-adjusted terms. Dr. Wulff Aengevelt is therefore calling for further regulatory and tax relief to boost housing construction.

Swiss Life Asset Managers acquires newly built health centre in Mannheim

Swiss Life Asset Managers acquires Salutem Praxisklinik in Mannheim on behalf of the Swiss Life ESG Health Care Germany V fund. The state-of-the-art property accommodates, among other things, the Manfred Fuchs Clinic, a uro-oncological center of excellence with AI-supported high-tech equipment.

Living in Potsdam: narrow market with space in the surrounding area

In Potsdam, the housing market remains tight, but at the same time prices differ greatly: maximum values in Berliner Vorstadt, Jägervorstadt and the waterfront locations are offset by more favourable levels in Satzkorn, Uetz-Paar and Grube; overall, market activity is stabilizing again. New projects such as the ParkVillen am Volkspark (completion by 2028, apartment prices 6,900–8,900 €/m²) and a family quarter in Beelitz expand the offer. From 2027, the development of the Kirchsteigfeld with around 1,000 apartments could bring additional relief.

Stagflation as a scenario – why real assets remain relevant

From textbook to reality: Stagflation in focus

Philippines renewable capacity to reach 30GW by 2035, forecasts GlobalData

GlobalData predicts that the Philippines' cumulative renewable capacity will increase to around 30 GW by 2035 – from about 7.1 GW in 2025. The main drivers are solar PV (approx. 18.7 GW) and wind (approx. 7.4 GW), supported by auctions such as the Green Energy Auction Program and investment-friendly reforms. Despite the expansion, coal and natural gas remain dominant for the base load; in addition, nuclear power (approx. 0.3 GW by 2035) is planned for the first time.

Savills: Cross border buyers return to European offices

Savills reports a return of cross-border buyers to European office properties: In particular, Norwegian (+297%), Japanese (+264%), UAE (+51%), Czech (+61%) and Spanish (+27%) investors increased their commitment in 2025, and activity will continue in 2026. Prime office initial yields remained stable at 4.9% in Q1 2026; Banks are financing high-quality CBD properties more strongly again. Major deals in Spain (including Edificio Estel) and Paris (83–85 Avenue Marceau, €243 million) underline the improved liquidity.

Egypt solar PV capacity to reach 34.3GW by 2035, forecasts GlobalData

GlobalData predicts that Egypt's photovoltaic capacity will increase from around 2.9 GW (2025) to about 34.3 GW by 2035; the cumulative renewable generation capacity could reach around 49.7 GW by then. Growth will be driven by a strong funding and investment framework with PPAs, incentives, accelerated approvals (including Golden License) and increasingly integrated battery storage systems. At the same time, wind power is growing to around 15.1 GW, while gas remains stable at 45–50 GW and nuclear energy via El Dabaa is growing to around 4.4 GW.

Berlin’s residential real estate market continues to recover – demand for micro-apartments increases

An analysis by the premium broker DAHLER based on data from the Berlin Valuation Committee shows: In 2025, more houses and condominiums were sold in Berlin, and sales also increased. In the premium segment from 13,000 euros/m², the number of sales has doubled. High-quality micro-apartments in particular are experiencing stronger demand, especially in Berlin-Mitte.

Logistics service providers stabilise the rental market for warehouse and industrial space

NAI apollo: Logistics space market in the Rhine-Main region starts 2026 with moderate sales result

NAI apollo reports logistics space take-up of 93,300 m² in the Rhine-Main region for the first quarter of 2026 – below Q4 2025 and slightly below Q1 2025, but 21.9% above the five-year average. Existing leases dominate with around 80%, large deals over 10,000 m² and logistics service providers are driving the market, while the new construction segment is falling behind due to a lack of supply; the southern sub-markets. Rising energy prices in the wake of the Iran war are dampening the recovery; the prime rent is €8.60/m².

DUSSELDORF OFFICE MARKET. FOCUS ON TOP SPACES.

Aengevelt provides the City Report Düsseldorf No. 41 2026/2027 entitled "Seeking opportunities". The report contains analyses of the real estate and investment market, office, retail, industrial and logistics as well as residential real estate markets and allows direct jumps into the chapters via a table of contents. In addition, two press releases and several graphics are available as press materials.