Press Release

Continued Momentum Across Europe Boosts Q3 Investment Volumes to €48bn

October 27, 2025

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  • Investment volumes up 10% compared with Q3 2024
  • Investment in Spain and Portugal almost doubles
  • Volumes up across all sectors over the past twelve months

Investment in European real estate reached almost €48bn in Q3 2025, marking a 10% increase compared with Q3 2024, according to CBRE. This takes investment volumes over the last twelve months* to €224bn, reflecting an 18% increase compared with the previous twelve-month period.

Continental Europe achieved impressive investment growth in the third quarter, up 18% compared to Q3 of the previous year. At a country level, Spain and Portugal recorded the strongest performances, up 91% and 87% respectively. Benelux, the Nordics and Germany also had a buoyant third quarter, with increases of 43%, 40% and 13% respectively.

The UK, Europe’s largest market, saw softer capital flows reflected in a 9% decrease compared to Q3 2024. However, the outlook for the remainder of the year is positive, with more deals now coming to fruition.

Sentiment continues to improve across the region, with the Iberia market attracting levels of investment we haven’t seen for some time. Despite a weaker quarter, the UK remains a strong place to trade. It has a foothold on the global stage and overseas capital is acutely aware of its long-term appeal.

Chris BrettHead of Capital Markets, Europe
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All sectors saw increased investment activity over the last twelve months. Retail leads, with a 39% increase in volumes. Living recorded an increase of 20% for the same period, as investors act on their intentions to deploy into the sector, identified by CBRE in January. The logistics and office sectors followed at 12% each, while hotels saw a 4% increase.

Brett concluded: “Widespread, cross-sector interest tells us that investors see opportunities in most asset classes, depending on their preferred strategy, appetite for risk and desired returns profile. There is abundant potential in the living sector, and retail continues to catch the eye of a more diversified pool of capital. When we look at logistics, demand is still strong for the right product at the right price, and we’ve seen this with a number of large transactions completing in recent weeks.”

*The last twelve-months is inclusive of Q4 2024-Q3 2025.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services. The company has more than 155,000 employees serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, critical infrastructure); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.co.uk.