According to Savills, global real estate investment volume was around $250 billion in Q2, up 13% year-on-year. A more robust deal pipeline supports expectations of further growth in the current year.
The international real estate consultant points out that data on pending transactions – deals that are already under contract but have not yet been completed – point to an active pipeline for the second half of the year. This means that a potential 16% increase in global investment activity is possible for the full year 2026. At the same time, however, Savills warns that investors are becoming increasingly selective.
According to Savills, sequential, seasonally adjusted growth in investment activity fell into negative territory at the beginning of 2026. This reflects a deterioration in sentiment related to the conflict in Iran. However, given the magnitude of the potential economic impact, the impact remained comparatively modest, while the overall trends remain positive. Nevertheless, the global macroeconomic environment does not provide scope for undifferentiated risk appetite or a broad-based acceleration in rental activity.
Rasheed Hassan, Managing Director, Global Capital Markets at Savills, comments: "Globally, Q2 was a positive surprise. Investors are currently looking for ways to invest despite the uncertainty and already factor in a better future. We are already seeing this, albeit still cautiously, in the transaction figures. Even if the market environment remains uncertain, the foundations for the next phase of the cycle are being laid. The most experienced and capitalized investors remain active, which should create a solid starting point for the coming years. The key takeaway is that this is not a market without opportunities, but one in which selectivity, conviction and a clear understanding of fundamentals are more rewarded."
