Real Estate

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

Real Estate analysiss

Dr. Wulff Aengevelt, geschäftsführender Gesellschafter Aengevelt Immobilien (Credits: Aengevelt Immobilien)
Analysis Comment Forecast Quarterly

“Aengevelt sees rising prices for residential real estate regardless of interest rate developments.”

According to Aengevelt, the house price index has risen for six quarters in a row; in the 1st quarter of 2026 by 1.4 percent compared to the previous year. The connection to construction interest rates is loosening. The market diverges regionally: highest growth in apartments in sparsely populated districts, in some cases declines elsewhere.

Maximilian Radert von KINGSTONE Real Estate im modernen Büro, Porträtaufnahme
Analysis Discussion

KINGSTONE RE and ImmobilienResearch Vornholz: Special forms of housing for seniors remain a niche

The webinar by KINGSTONE Real Estate and ImmobilienResearch Vornholz shows that special forms of housing remain a niche for seniors; most continue to live in existing apartments. The need for barrier-free and care-related services is growing; Investors should adjust the portfolio.

Quelle: BNP Paribas Real Estate
Analysis Report

Clustered and in waves: clear industry focus in the expansion activities of retailers from Asia

Asian brands are currently continuing to be very expansive in German city centre locations. The latest market entry is the South Korean label Moida K-Beauty for around 1,200 m² at Spitalerstraße 10 in Hamburg. This is the result of a recent analysis of Asian retailers in Germany by BNP Paribas Real Estate.

Deutschlandkarte mit Darstellung des Hitzeindex deutscher Gemeinden, farblich gekennzeichnet von niedrigen zu hohen Werten.
Analysis Article Report

New study by Wüest Partner: Heat stress is becoming a relevant location factor

A new study by Wüest Partner shows that heat stress is becoming a relevant location and building risk for the real estate industry. Densely populated areas in the southwest are particularly affected; even neighboring neighborhoods differ greatly. Investors and municipalities should adapt ESG analyses.

Dr. Wulff Aengevelt, geschäftsführender Gesellschafter von Aengevelt Immobilien. Bildquelle: Aengevelt Immobilien
Analysis Comment Forecast

“Aengevelt: Politics reduces rental housing supply.”

Aengevelt predicts a further decline in the supply of affordable rental apartments, as political regulations make renting unattractive. Up to three million apartments could fall out of rent; Small landlords react with sales, vacancies or conversions.

Analysis Discussion

Real estate financing remains under pressure in the second half of the year

At an online press conference organized by Rueckerconsult, Prof. Dr. Felix Schindler, Head of Research & Strategy at HIH Invest, Stefan Hoenen, Head of Commercial Real Estate at Hamburg Commercial Bank, Fabio Carrozza, CSO of BF.direkt AG, Torsten Hollstein, Managing Director of CR Investment Management, and Alexander Lackner, CEO of neworld, discussed the prospects of the financing market in the second half of 2026.

Entwicklung von Angebot und Nachfrage bei Büroflächen laut GewerbeBarometer von bulwiengesa und ImmoScout24. Bildquelle: bulwiengesa / ImmoScout24
Analysis Report

Office market in upheaval: More vacancies – but rising rents

bulwiengesa and ImmoScout24 are presenting the GewerbeBarometer for the first time: in 2025, take-up in the office market will fall by 8% to 4.1 million sqm, while vacancies will rise to 6.3% nationwide and 8.4% in A-cities. At the same time, prime rents are rising; Conversions remain difficult.

Foto von Kenrick Baksh auf Unsplash
Analysis Survey

Office properties in greater demand again among lenders in Europe

CBRE reports a much more positive lender sentiment towards office properties: In the European Lender Intentions Survey 2026, the sector moves up to third place, prime assets are in demand. Data centers and alternative segments are gaining, LTVs and development finance are increasing, especially by non-banks.

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