A market mid-recovery, hit by a geopolitical shock: the structural thesis holds, but the short-term risk picture has shifted materially. Entering 2026: Stabilisation with momentum

Stabilisation: the market is calmer, but the cost of debt is “the new normal” Germany’s commercial real estate market enters 2026 with a clearer signal:

I. A Market Finds Its Footing In 2025, Germany’s residential real estate market crossed a decisive threshold. After three years of correction, the reset phase

€35-40 Billion Full-Year Recovery Positions Germany for €30-35 Billion Normalized Activity as Yields Compress, Foreign Capital Surges, and Development Pipeline Reaches €20.5 Billion As 2025

The German real estate investment market demonstrates green shoots of recovery firmly rooted for the long term, with Q1-3 2025 posting a transaction volume of