Market in Minutes: European Investment Nowcast – Q3 2026 preliminary results
Stronger economies are supporting property income, but renewed rate pressure is keeping the recovery selective, prime-led and regionally uneven.
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Stronger economies are supporting property income, but renewed rate pressure is keeping the recovery selective, prime-led and regionally uneven.
Read now
A confidence shock, a quarter on mute.
Read now
European office markets remained resilient in Q1 2026, with take-up broadly in line with recent trends and vacancy stable at 9.4%, while a sharp decline in future completions points to tightening supply and rental growth.
Spotlight: European Office Development
European office markets remained resilient in Q1 2026, with take-up broadly in line with recent trends and vacancy stable at 9.4%, while a sharp decline in future completions points to tightening supply and rental growth.
Stronger for longer: The region’s recent outperformance is increasingly underpinned by structural factors
Spotlight: Southern Europe Investment – 2026
Stronger for longer: The region’s recent outperformance is increasingly underpinned by structural factors
European investment activity is set to rise by 6% YoY to €52 billion in Q1. Global capital is returning, albeit not yet at full speed, and confidence is gradually building. As a result, full-year investment volumes are forecast to increase by around 16%, with a further 17% growth expected in 2027.
European Investment Nowcast – Q1 2026 preliminary results
European investment activity is set to rise by 6% YoY to €52 billion in Q1. Global capital is returning, albeit not yet at full speed, and confidence is gradually building. As a result, full-year investment volumes are forecast to increase by around 16%, with a further 17% growth expected in 2027.
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"Barcelona closes a positive first half, continuing the trend seen in 2025"
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"Madrid's office market faces a demanding second half of the year"
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"In recent years, homeownership has established itself as a lifestyle choice that enhances personal well-being, but the neighborhood remains the most decisive factor for all age groups: what has changed is its significance, which is no longer tied to one’s area of origin but to its ability to offer safety, green spaces, connectivity, amenities, and prestige. Buyers are increasingly willing to relocate—changing neighborhoods or even cities—in order to find the right property."
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"The Development land market recorded a total volume of €239.1 million in Q2, which was more than double the amount reached in the same quarter a year ago, spread across 13 deals. The majority of sites traded were below 10.0 acres."

"Total modern office stock in Prague reached 3.95 million sq m by the end of Q2 2026, expanding by 29,400 sq m during H1. "

"The Dutch real estate market has largely absorbed the European Central Bank’s interest rate increase in June. While the macroeconomic and geopolitical environment remains volatile, confidence among both investors and occupiers is improving. Investment volume reached €7.1 billion in H1 2026, up 23.9% year-on-year, while occupier activity also strengthened significantly."

"Prime office yields stable at 4.9%, underpinned by competitive debt and resilient occupational markets."
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"In the first half of 2026, approximately 7 billion euros were invested in the Italian commercial real estate market: a figure higher than the average for the past 10 years and representing strong growth compared to the same period in 2025."

"According to Savills’ report “Italian Office Spotlight,” the sector recorded a total investment volume of approximately 1 billion euros in the first half of the year, ranking as the fourth-largest asset class and confirming investors’ highly selective approach toward a sector characterized by major shifts in demand and a resulting sharp polarization between prime and secondary markets."

"A confidence shock, a quarter on mute."