Financing costs across German commercial real estate have moved decisively higher over the past year. The German 10-year Bund yield stands at 3.20%, on a

Two things moved against the July assessment and one thing was confirmed. First, the German 10-year Bund — which we reported falling to a three-month

The geopolitical risk premium that dominated commentary on German real estate through the first half of 2026 has substantially unwound following the de-escalation in the

The dominant narrative in the market right now is that German real estate faces headwinds: an ECB that markets increasingly expect to tighten rates in

The bottom is behind us. The structural mismatch is widening. The window is open. Three years of correction. Prices down roughly 13% from their 2022

Germany’s real estate debt market is being repriced not by asset quality, but by the retreat of regulated bank capital. What the macro reports do