Real Estate

Real estate is the dominant asset class in the real assets sector, but also the most versatile.

Real Estate analysiss

Analysis Quarterly Report

Retail real estate investment market with subdued first half of the year – but market offering grows significantly

CBRE reports a transaction volume of EUR 1.9 billion in the German retail real estate market for H1 2026 (−35%). The range of high-quality assets and portfolios is increasing, and prime yields remain largely stable. For 2026, 5–6 billion euros are expected.

Tabelle zum Transaktionsvolumen verschiedener Immobilienarten in Berlin im ersten Halbjahr 2026 laut Savills.
Analysis Quarterly Report

Savills examines real estate investment market Berlin: Stakeholders remain in scanning mode

In the 1st half of 2026, around 2.1 billion euros were invested in Berlin – 6% less than in the previous year and 55% below the 10-year average. Prime yields: office 4.5%, commercial buildings 4.4% (stable). Savills sees the market continuing to be in sampling mode; Residential real estate led in a 12-month comparison.

Portrait von Christian Kah, Head of Industrial & Logistics Germany bei Colliers
Analysis Quarterly Report

Geopolitical realities meet forward-looking user requirements in industry and logistics

The market for industrial and logistics investments in Germany remained almost stable in H1 2026 at EUR 2.4 billion (-1%). Stricter financing makes deals more difficult, with individual transactions dominating (68%). Gross prime yield rises by 25 bp to 5.00%; Colliers sees opportunities in special real estate.

Tabelle des Transaktionsvolumens verschiedener Immobilienarten in Frankfurt am Main für das erste Halbjahr 2026 mit Vergleichswerten zum Vorjahr und Durchschnitt der letzten zehn Jahre.
Analysis Quarterly Report

Savills examines the real estate investment market in Frankfurt am Main in Q2-2026: Liquidity for large properties remains low

Savills analyses the Frankfurt real estate investment market in Q2 2026. In the 1st half of the year, EUR 320 million was generated (+9% year-on-year), 82% below the 10-year average; approx. 20 transactions (−10%). Prime yields unchanged at 4.5%/4.3%; major deals remain difficult, Opernturm sale cancelled.

Analysis Quarterly Report

Savills examines real estate investment market Hamburg: Successful transactions remain hard work

Savills reports around EUR 1.1 billion in investment turnover in Hamburg in the 1st half of 2026 (+18% year-on-year, 40% below 10-year average). About 60 deals in 12 months; Prime yields: office 4.2%, commercial buildings 4.3%. Quality in demand in top locations; Family offices remain active.

Marktdynamik an den Top-5-Büromärkten bleibt diversifiziert: Berlin und München setzen Impulse in einem weiterhin selektiven Marktumfeld 
Analysis Quarterly Report

Market dynamics in the top 5 office markets remain diversified: Berlin and Munich provide impetus in a market environment that remains selective

CBRE reports 1.13 million m² of take-up (−6.1%) in the top 5 office markets for the first half of 2026. Berlin and Munich are driving thanks to tech and AI demand. Prime rents are rising everywhere, vacancy rate around 8.5%. Outlook: slight stabilisation in the course of the year.

Analysis Quarterly Report

Savills: German office investment market continues to make progress

In the 1st half of 2026, the German office investment market generated around EUR 2.3 billion (+10% year-on-year), according to Savills, but was 71% below the 10-year average. Prime yields mostly stable, Düsseldorf +10 bp, average approx. 4.4%. Market in discovery phase; Top 6 volume +74%, transactions +8%.

Diagramm zum Transaktionsvolumen von Gesundheits- und Sozialimmobilien in Deutschland im zweiten Quartal 2026, dargestellt nach Nutzungsarten wie Pflegeheime, Betreutes Wohnen, Ärztehäuser, Krankenhäuser und Sonstige.
Analysis Quarterly Report

Savills examines the German investment market for healthcare real estate in the second quarter of 2026: Medical centres drive transaction activity

Savills analyzes Q2/2026 in the German healthcare real estate market. In the 1st half of the year, sales of more than 1.4 billion euros were made, strongly driven by medical centres. Prime nursing home yield rises to 5.3%, medical centres (4.7%) and assisted living (4.5%) remain stable; Annual volume could reach 2 billion euros.

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