Markets

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Grafik zur EZB-Zinsentscheidung (Quelle: Urheber: Christian Buck)
Comment

“As long as no new inflation risks arise, we believe the ECB will continue to focus on continuity and a longer period of stable interest rates.”

The European Central Bank has decided to leave key interest rates unchanged, which was expected by players in the capital and real estate markets. Various experts commented on this, including Francesco Fedele of BF.direkt, who emphasized the importance of monetary stability.

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

“Aengevelt sees stationary retail on the upswing.”

Real sales in brick-and-mortar retail in Germany increased by 1.1% in 2025, above GDP growth of 0.2%. Aengevelt expects a revival in the retail real estate market segment as a result of this development.

Bild: 2IP/KI
Comment Weekly

Will institutional real estate investors come back – or just their cash?

The market for special real estate funds has been moving again in recent weeks. Subscriptions, increases and share acquisitions are increasing.

Symbolbild (Quelle: Gemini/KI)
Analysis Quarterly Report

NAI apollo: Logistikflächenmarkt Rhein-Main schließt 2025 über Vorjahresniveau

The logistics space market in the Rhine-Main region will exceed the previous year's results in 2025. With a total annual take-up of 496,000 square metres, the take-up of space in the previous year was exceeded by almost 14 per cent. However, market analysts, such as Sven Tilse of NAI apollo, see a below-average result in a long-term comparison.

Analysis Infographic Report

REALOGIS Research: Rental prices for logistics space continued to rise in 2025

In 2025, rental prices for logistics space in Germany continued to develop positively. REALOGIS reports rising prices for both new and existing space with stable demand in top 8 markets.

Foto von Holger Woizick auf Unsplash
Analysis Report

Premium real estate in Hamburg: DAHLER analyzes transaction activity in 2025

In 2025, the price of a condominium in Hamburg reached a new high of 36,971 euros per square metre, while the highest total sales price was 13.5 million euros. DAHLER examined the markets and found an increasing demand in the premium segment.

Symbolbild (Gemini/KI)
Analysis Report

Bremen as a logistics location holds its own in a challenging market environment

The logistics and industrial space market in Bremen recorded take-up of 260,000 m² in 2025, which corresponds to an increase of 16% compared to the previous year. Retail logistics companies dominate the market, while rental prices remain stable and vacancies are declining.

Symbolbild (Gemini/KI)
News

Industrial and logistics real estate market in Central Germany in 2025 with different market developments depending on the region

The industrial and logistics real estate market in Central Germany recorded a decline in take-up of nine per cent to 406,000 square metres in 2025. The Magdeburg and A4 Saxony regions in particular, as well as smaller area units, developed positively. Despite increased vacancies in some areas, demand remained stable.

Symbolbild Foto von Possessed Photography auf Unsplash
Analysis Report

Hotel real estate market remains liquid – investors act more selectively

The European hotel real estate market will show structural maturity in 2026, characterized by stable interest rates and a selective willingness to invest. Key influencing factors are operator structures and financing models.

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

“Aengevelt sees a need for tax action in the case of maintenance costs close to the acquisition.”

Aengevelt Immobilien criticizes the tax regulation for acquisition-related maintenance expenses, which slow down comprehensive modernization measures. The 15% limit is seen as a hindrance, especially with regard to energy-efficient renovations.

Manuel Backfisch, Head of Capital Markets B&C Cities Germany bei Colliers
News

Colliers: Capital selectively returns to office and commercial buildings outside the top 7

Colliers reports that in 2025, office and commercial buildings outside the top 7 were traded for 1.9 billion euros. Manuel Backfisch, Head of Capital Markets B&C Cities Germany at Colliers, explains that investors invest selectively outside the top 7, where location and cash flow are convincing.

Foto von James Sullivan auf Unsplash
Discussion

Construction turbo meets the reality of the authorities: Acceleration alone is not enough

The construction turbo is intended to accelerate housing construction in Germany, but voluntary use by municipalities remains an obstacle. High construction and financing costs stand in the way of economic implementation.

Logistikzentrum (ai generated)
Quarterly Report

JLL: In the logistics leasing market, the strongholds will ensure growth in 2025

In 2025, the German market for warehouse and logistics space achieved take-up of 5.78 million m², an increase of six percent compared to the previous year. Demand was mainly driven by new players from Asia and regional differences.

Heidelberg Foto von Lisa Fecker auf Unsplash
Quarterly Report

JLL: In the Rhine-Neckar metropolitan region, there is a lack of major office deals

In 2025, the Rhine-Neckar metropolitan region recorded a significant decline in the office letting market, with take-up almost halved compared to the previous year. Ludwigshafen, Mannheim and Heidelberg were particularly affected, where there was a shortage of large leases and high-quality space.

Discussion

Webinar Schick Immobilien: Statements on the annual outlook for the residential investment market 2026

A webinar by SCHICK Immobilien with participants such as Jürgen Michael Schick, Jan Grade and Stefan Hillbrand highlighted important developments and forecasts for the German residential investment market in 2026. Topics included price developments, investment attractiveness and financial conditions.

Quelle: GARBE Industrial GmbH & Co. KG in Kooperation mit Oxford Economics
Analysis Quarterly Report

GARBE PYRAMID MAP: Europe’s logistics real estate markets expect subdued momentum and selective growth until 2030

An analysis by GARBE and Oxford Economics predicts subdued market dynamics in European logistics real estate markets until 2030, accompanied by selective growth and stable yields. The focus is on qualitative site management and the impetus of supply chain adjustments.

News

Transformation of public real estate: Colliers and its consortium renewed for 3 years by the State Purchasing Centre (UGAP)

The consortium formed by Colliers, the leader, BearingPoint, LWA (Latournerie Wolfrom Avocats) and Allez & Associés, now enriched by the arrival of the Kardham Group, has been renewed on the market of the UGAP (Union of Public Purchasing Groups, a State purchasing centre) "Real Estate Consulting".

Foto von Siegfried Poepperl auf Unsplash
Quarterly Report

Balance sheet 2025 – Outlook 2026: Aengevelt analyses the subdued office market in Leipzig.

Aengevelt publishes a current analysis of the Leipzig office market. In 2025, there will be a decline in office space take-up, while the supply reserve will continue to rise. The prime rent remains stable.

City Skyline Enhanced by the Radiance of the Setting Sun in the Background
Analysis

JLL: High insurance premiums for climate risks threaten real estate values

A new study by JLL and Munich RE shows that insurance premiums for office buildings have risen sharply since 2018. This development poses an increasing risk for property owners, who must now take measures to protect their assets.

Symbolbild (Quelle: MS Copilot)
Discussion

Infrastructure Investments – Regulatory Hurdles, Real Opportunities

Christoph Kraiker, CEO of Hauck & Aufhäuser Fund Services, Dr. Dirk Krupper, Managing Director of Helaba Invest, as well as Martin Hüwel and Dr. Thomas Gohrke, partners of Luther Rechtsanwaltsgesellschaft, discuss how regulatory requirements on the investor side, fund structures and government framework conditions can be better interlinked.

Foto von Karina S auf Unsplash
Quarterly Report

Düsseldorf logistics market with second-best result in the last 10 years, prime rents in third place behind Munich and Frankfurt

The Düsseldorf logistics market achieved a pleasing result in 2025 with 335,000 m² of take-up, which corresponds to an increase of 5% compared to 2024. Prime rents now stand at €8.70/m², an increase of 2.4% compared to 2024.

Survey

Real asset investments will remain key building blocks in private banking in 2026

Survey by Private Banking Magazin, RUECKERCONSULT GmbH and Scope Fund Analysis GmbH in cooperation with Quadoro Investment GmbH (Quadoro) and EB – Sustainable Investment Management GmbH (EB-SIM)

Foto von Markus Spiske auf Unsplash
Quarterly Report

JLL: Nuremberg’s office market experiences a year with two faces

Nuremberg's office leasing market had a mixed year in 2025, with a 17 percent year-on-year decline in take-up. Especially in the second half of the year, fewer and smaller deals were made, which is due to a limited supply in the center.

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