Markets

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

“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.

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.

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.

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.

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.

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.

Market analyses and investment opportunities 2025: Why existing apartments are winning the race

Magdalena Kolak, Aengevelt Research: “Housing shortage for students.”

The housing situation for students in Düsseldorf is tense. Aengevelt Research has analysed that demand significantly exceeds supply, and high rents make it difficult for students to find affordable housing in the city.

vdp emissions climate – Positive mood on the Pfandbrief market

The vdp member institutions report a positive mood in the Pfandbrief market, with improved scores for unsecured bank bonds and Pfandbriefe. The year 2025 showed strong growth in new emissions.

Savills predicts global real estate investment of over $1 trillion in 2026

Savills expects global real estate investment to exceed $1 trillion in 2026, an increase of 15% year-on-year. Particularly strong growth is forecast for the EMEA region.

Experts advise: Actively shape the real estate market in 2026 – identify opportunities, embrace change, sharpen strategies

Geopolitical tensions, technological developments and regulatory requirements have changed the rules of the game in real estate markets. The resilience of actors and their strategies is more important than ever in the face of structural and political changes.

JLL: Solid financing and cash flow are the recipe for success in 2026

JLL CEO Konstantin Kortmann's analysis of 2025 and his outlook for 2026

KINGSTONE Real Estate – Nursing home operators face multiple challenges

The nursing home market in Germany is facing major challenges due to demographic change and the shortage of skilled workers. KINGSTONE Real Estate's webinar discussed strategies to address these issues.