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in the 1st quarter of 2026, according to Savills, around 675 million euros were turned over on the Berlin real estate investment market. Compared to the same period last year, this corresponds to a decrease of 60%. Compared to the 10-year average, sales were even 71% lower. In the last twelve months, Savills has registered about 90 transactions, which represents a 2% increase compared to the previous year. Prime yields for offices and commercial buildings were 4.4% each at the end of March. The prime yield on commercial buildings is thus unchanged from the previous quarter and also unchanged from the previous year's figure. The prime yield for offices is also unchanged from the previous quarter, but is 10 basis points below the previous year's figure.
Prof. Dr. Tayfun Erbil, Director Investment at Savills in Berlin, comments on the market as follows: "The Berlin investment market is becoming broader again, but also more selective. Intentions to sell are increasing across almost all locations and risk classes, while owners' price expectations are noticeably adapting to the new market environment. The fact that several large-volume properties are being offered again for the first time is an important signal. At the same time, investors are clearly concentrating on CBD locations – outside of them, the market only works with very high quality or significant price discounts. In this respect, the increasing supply is a basis for more contracts – but it is not a guarantee."
With a transaction volume of EUR 1.5 billion, residential real estate* has contributed the most to investment turnover in the last twelve months, followed by office properties (approx. EUR 0.96 billion) and retail properties (approx. EUR 0.65 billion).
* Only properties with at least 20 residential units
