Markets

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Quarterly Report

Retail real estate investment market grew slightly in 2025

The German retail real estate investment market recorded growth of 2% in 2025, with a transaction volume of 6.4 billion euros. Large transactions and international investors contributed to the stability and strength of the market.

Quarterly Report

Savills examines the German investment market for healthcare and social real estate in the fourth quarter of 2025: Nursing homes remain the driving force, medical centres with the largest increase in turnover

In 2025, the transaction volume in the German healthcare and social real estate market rose to just under EUR 1.2 billion. Nursing homes remained the segment with the highest turnover, while medical centers recorded the largest increase in sales.

Quarterly Report

JLL: Office leasing market is treading water due to many challenges

At the end of 2025, the German office letting market showed a stable development with slight regional differences. Despite a minimal decline of 0.8 per cent in take-up, this is seen as a positive signal.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Analyse 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.

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.

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.

Analyse 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.

Analyse 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.

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.

Analyse 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.

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.

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.

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.

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.

Analyse 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.

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