According to Savills, around 200 million euros were turned over in the Cologne real estate investment market in the 1st half of 2026. Compared to the same period last year, this corresponds to a decrease of 51%. Compared to the 10-year average, sales were 74% lower. In the last twelve months, Savills has registered 34 transactions, which represents an increase of almost a third compared to the same period last year. Prime yields for offices and commercial buildings were both 4.4% at the end of June, unchanged from the previous quarter and also unchanged from the previous year’s figure.
Tobias Schneider, Director Investment at Savills in Cologne, comments on the market as follows: “The Cologne investment market is currently showing an unusually high supply dynamic: more properties are coming onto the market than at any time in years. Among them are some prominent properties, even if most of them are not core products. At the same time, the potential buyer base remains selective and risk-averse. The success of these transactions will therefore depend on how realistic the sellers’ price expectations are and how willing they are to compromise in the sales process. Which properties prevail in this environment and at what price is likely to point the way forward for further market development.”
With a transaction volume of EUR 570 million, office properties have contributed the most to investment turnover in Cologne in the last twelve months, followed by residential properties* (approx. EUR 370 million) and industrial/logistics properties (approx. EUR 40 million).
* Only properties with at least 20 residential units
