Press Release
European Real Estate Investment Volumes Rise as Momentum Swings in Offices’ Favour
July 30, 2026
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A significant proportion of H1 investment was concentrated in three of Europe’s largest markets. The UK received the most investment at €26.5bn, followed by Germany at €16.2bn and Spain at €12bn.
Spain saw a notable increase when compared with H1 2025, with investment up 59%. Many other countries recorded higher investment volumes including Poland (72%), Sweden (71%), Finland (48%), The Netherlands (37%) and Germany (13%).
At a sector level, offices attracted a substantial share of investment, with €11.5bn transacted in Q2 and €22.6bn for H1, up 13% year-on-year.
Appetite to invest in offices is rising, supported by deepening pools of capital and returning investor confidence across the risk spectrum. Prime assets in the most desirable locations continue to outperform through market cycles, and we’re now seeing large scale transactions making a comeback, as well as cross-border acquisitions.
Hendy added: “Improving investor and lender sentiment towards the office sector has been aided by robust occupational fundamentals, and we expect that core-plus and value-add opportunities in major office locations will attract capital throughout the rest of the year.”
Living continues to attract the most capital, with €15bn transacted in Q2, taking the H1 total to €29.9bn. As a result, living accounted for more than a quarter (26%) of total investment for H1 and represented a 17% year-on-year increase, driven by sustained interest in the sector from a range of institutional and private investors. Meanwhile, the industrial & logistics sector received €19.2bn of investment in H1, while retail and hotels recorded €18.1bn and €11.8bn of total investment respectively.
The first half of 2026 demonstrated a marked uplift in European real estate investment despite ongoing macro challenges, inflationary pressures and murkier interest rate expectations. This illustrates that demand is widespread across a range of sectors and markets, as real estate offers investors both solid income returns and diversification.
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.