Germany’s real estate investment market continued to recover in the first quarter of 2026. According to CBRE’s April 22 report, total investment volume reached €8.6 billion. This was slightly above the level recorded a year earlier.

📊 Compared with the very strong fourth quarter of 2025, investment volume declined by 19%, but this was mainly due to the high base at the end of the year and the seasonally slower start to the new period. On a year-on-year basis, the market still posted growth and activity remained stable.

The main contribution came from single-asset transactions. Their volume reached €6.2 billion, which was 28% higher than a year earlier. During the quarter, 10 major deals were completed across the office, residential, logistics, and retail property sectors.

💼 Portfolio transactions are recovering more slowly for now. Their volume totaled €2.5 billion. Even so, the portfolio market remains active, with major deals recorded during the quarter in healthcare, logistics, leisure, retail, and office real estate. Transactions above €100 million increased significantly both in number and in total value. In the first three months of the year, 16 such deals were closed for a combined volume of nearly €3.6 billion.

By segment, the office market showed the strongest performance. Office properties accounted for the largest share of investment volume and recorded the most notable growth. Residential real estate represented around one fifth of the market, while logistics and industrial properties posted growth of about 16% year on year. The healthcare real estate segment also showed solid momentum. At the same time, investment in retail properties and hotels declined.

💶 Prime yields remained stable across most segments. Across Germany’s seven largest cities, the average prime yield for office real estate stands at 4.73%.

🔎 For investors, this means that the German market is gradually moving beyond a phase of isolated recovery and is once again becoming attractive for a broader range of strategies. You can explore current investment property opportunities in Germany on our website.