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Foto von Clemens van Lay auf Unsplash

Quarterly Report

Savills examines German investment market for office properties: Stable, but still lacking momentum

In 2025, the transaction volume with office properties amounted to just under EUR 5.6 billion, the previous year's level. Prime office yields fell in Hamburg and Munich, while they remained stable in other markets. Karsten Nemecek expects a continuing buyer's market.

by Savills

Markets Real Estate

Foto von Folco Masi auf Unsplash

Quarterly Report

Colliers – Investment market characterised by an early-cycle environment and moderate growth momentum

The German investment market recorded a transaction volume of 34.3 billion euros in 2025, with the commercial sector remaining stable and the residential sector declining. Michael R. Baumann of Colliers reports a moderate upswing and stable framework conditions. The leading cities remain Berlin, Munich and Frankfurt, but transactions under 50 million euros dominate.

by Colliers

Markets Real Estate

Foto von Paul Mandele auf Unsplash

News

Residential investment market in 2025: More deals, less volume

In 2025, the investment volume in the institutional housing market in Germany was lower than in the previous year, despite a higher number of transactions. The final quarter was the strongest in terms of revenue, characterized by smaller and medium-sized transactions.

by JLL

Markets Real Estate

Foto von Wolfgang Weiser auf Unsplash

Quarterly Report

Stable German investment market starts 2026 with growing momentum

The German investment market was stable in 2025 and started 2026 with new momentum. With an investment turnover of just under €34 billion, the result fell slightly short of the previous year by 3.5%, with growth recorded in the office and hotel segment.

by BNP Paribas Real Estate

Markets Real Estate

Quarterly Report

NAI apollo: German transaction market for residential portfolios normalizes at a low level

The German transaction market for residential portfolios experienced a strong final quarter in 2025 with a volume of EUR 2.4 billion, while the full-year volume of EUR 8.7 billion was below the previous year. Medium-sized portfolio deals increased, large transactions decreased.

by NAI apollo

Markets Real Estate

Foto von Lily auf Unsplash

Quarterly Report

Market recovery in the residential asset class picks up speed in the final quarter

In the fourth quarter of 2025, the German residential investment market continued its recovery with 8.9 billion euros invested in residential portfolios. Market momentum was supported by increased demand, especially in forward deals.

by BNP Paribas Real Estate

Markets Real Estate

Foto von Gilly auf Unsplash

Quarterly Report

JLL: Upturn in the German investment market will take a break in 2025

The German real estate investment market recorded a transaction volume of 33.9 billion euros in 2025, a decline of four percent compared to the previous year. Institutional investors remained cautious, but accelerated lending and the strength of German cities could provide impetus in 2026.

by JLL

Markets Real Estate

Foto von Frans Ruiter auf Unsplash

Quarterly Report

Savills examines the real estate investment market in Germany: year-end rally fails to materialise in a persistently difficult environment

The German real estate investment market recorded a transaction volume of approx. EUR 31.3 billion in 2025, which corresponds to a decline of 17% compared to the previous year. Residential real estate remained the strongest type of use, despite a 23% decline in volume.

by Savills

Markets Real Estate

Foto von Anders Holm-Jensen auf Unsplash

Quarterly Report

Savills examines the German residential investment market in the fourth quarter of 2025: More transactions, less volume

In the fourth quarter of 2025, the German residential investment market recorded a transaction volume of just under 8.1 billion euros, which corresponds to a decline of 23% compared to the previous year.

by Savills

Markets Real Estate

Dr. Wulff Aengevelt, geschäftsführender Gesellschafter Aengevelt Immobilien (Credits: Aengevelt Immobilien)

Analysis Comment

Aengevelt: Real wage increases open up opportunities for the real estate industry.

Aengevelt Immobilien sees positive effects for the real estate industry in the recent real wage increases, especially in the residential, retail and logistics sectors.

by Aengevelt Immobilien

Markets Real Estate Statements

Symbolbild Quelle: Gemini

News

Savills: Medical centres are becoming a central asset class in the healthcare real estate sector throughout Europe

Savills reports an increasing demand for medical centres and medical care centres in Europe, despite a limited supply. Germany and the Netherlands lead the way, while France and the UK face structural barriers.

by Savills

Markets Real Estate

Moderate Marktverbesserungen bei Immobilienfinanzierungsexperten (Quelle: JLL und HWWI)

Quarterly Report

Financing experts see moderate market improvements

Sentiment among real estate financing experts improved at the end of 2025, with the German Real Estate Financing Index (Difi) rising to 0.7 points. In particular, the current situation on the financing market is assessed more positively.

by JLL

Markets Private Debt Real Estate

Dr. Wulff Aengevelt, geschäftsführender Gesellschafter Aengevelt Immobilien (Credits: Aengevelt Immobilien)

Analysis Comment

Aengevelt: Effects of demographic change on the real estate markets.

Aengevelt Immobilien analyses the effects of demographic change on various asset classes in the real estate market. Despite population decline, a population projection shows that there is a continuing shortage of housing in large cities and opportunities for senior citizens' real estate.

by Aengevelt Immobilien

Markets Real Estate

Philip C. Hetzer & Vincent Papke

Analysis Article

Price turnaround on the Berlin apartment building market

In 2025, prices for Berlin apartment buildings increased, while the transaction volume fell by 23 percent. Investors are adapting their investment strategies to the overall economic situation, with a particular interest in stable cash flows in the housing sector.

by DAHLER

Markets Real Estate

Bild: Savills

News

Savills: European real estate transaction volume rises to around EUR 77 billion in Q4 2025

Transaction volume in European real estate will increase to around €77 billion in the fourth quarter of 2025, an increase of 12% compared to the previous year. Savills predicts a further increase in cross-border investment within Europe in 2026.

by Savills

Markets Real Estate

Graphik zu Büroflächenumsatz in Frankfurt (Bild Quelle: Umsatz und Leerstand_Buero_Frankfurt_2025_NAIapollo.jpg)

Analysis Quarterly Report

NAI apollo: Frankfurt office leasing market with highest take-up result in the last five years

The Frankfurt office letting market recorded a record result in 2025 with take-up of 551,800 square metres. 2026 remains challenging, and despite slight economic growth, a trend reversal is not likely.

by NAI apollo

Markets Real Estate

Bildquelle: REAX Advisory

News

Location, property selection or managerial competence: decisive factors for the outperformance of real estate funds

A study by REAX Advisory and the RheinMain University of Applied Sciences shows that the performance of real estate funds is influenced by market positioning as well as by selection and management competence. The analysis emphasizes the importance of targeted selection decisions and good manager performance for the return of real estate funds.

by REAX Advisory

Cases Markets Real Estate

Symbolbild Quelle: Gemini

News

CBRE analysis shows: The current housing stock in Germany corresponds to energy efficiency class D on average

The results of the CBRE analysis are based on a representative sample of 2.1 million housing units. Energy-efficient renovations are becoming increasingly necessary due to economic incentives and legal requirements.

by CBRE

Energy Markets Real Estate

Das Bürogebäude PRISMA in Frankfurt-Niederrad (Copyright Lars Gruber / Sonar Real Estate)

Interview

“The trend reversal is recognizable” – A conversation with Prof. Dr. Verena Rock and Holger Hosang about the office real estate market in 2026

The German office real estate market continues to be in difficult momentum. Why both are nevertheless optimistic about the coming year.

by Sonar Real Estate

Markets Real Estate

Foto von Big Bear Cabins auf Unsplash

Report

Savills Ski Report: Ski property is booming worldwide

According to Savills Ski Report, property prices in ski resorts have risen by 150% worldwide. While prices rose by 228% in the US, they rose by 94% in Switzerland and by 197% in France. The research highlights the resilience of ski properties.

by Savills

Markets Real Estate

Foto von Anton auf Unsplash

Analysis Comment

The retail sector is burdened by the weak overall economy

The holiday season has been the best time to get involved with retail for decades, as a large part of annual sales are now accounted for by the Christmas business.

by IRE|BS Immobilienakademie

Markets Real Estate

Symbolbild (Quelle: Pixabay)

Analysis Article Report

New Colliers study shows increasing importance of operator real estate in Germany

A new study by Colliers shows that operator properties are becoming increasingly important in Germany. The market share of these properties has increased by five percentage points since 2023.

by Colliers

Infrastructure Markets Real Estate

Foto von Reyazul Haque auf Unsplash

Comment

Where prices are heading in the residential investment market

2025 was a year of stabilization in the residential investment market, with signs of a moderate upward trend. The market is showing stable conditions and offers prospects for long-term investors.

by MICHAEL SCHICK IMMOBILIEN GmbH & Co. KG

Markets Real Estate

Bild: 2IP/KI

Comment Weekly

Looking back on 2025: The market is not nervous – it is in the process of restructuring!

Behind the mood in the institutional fund business, described as market uncertainty, there is actually something else: the tidying up of temporary solutions.

by Tobias Moroni | Institutional Investment Partners

Cases Energy Infrastructure Markets Real Estate