in the 1st quarter of 2026, according to Savills, around 180 million euros were turned over on the Cologne real estate investment market. Compared to the same period last year, this corresponds to a decrease of 16%. Compared to the 10-year average, sales were 60% lower. In the last twelve months, Savills has registered just under 40 transactions, an increase of 59% compared to the same period last year. Prime yields for offices and commercial buildings were both 4.4% at the end of April, 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 has made a subdued start to 2026 in terms of turnover. At the same time, we are seeing significantly higher activity among potential sellers. Owners are increasingly pitching or asking for purchase price estimates, so that more properties are likely to come onto the market in the course of the year – mainly value-add and core-plus, and occasionally also core properties, both in good city locations and in the periphery. More realistic price expectations on the seller side improve the chances of closing. A moderate increase in sales is therefore possible, but in view of the still turbulent environment, it is by no means certain.”
With a transaction volume of EUR 620 million, office properties have contributed the most to investment turnover in the last twelve months, followed by residential properties* (approx. EUR 320 million) and industrial/logistics properties (approx. EUR 40 million).
* Only properties with at least 20 residential units
Supplementary charts and data related to this press release can be found in our online real estate investment market dashboard.
