Spotlight: European Investment – Q1 2025 Preliminary Results and Forecasts
Despite short-term hurdles, the European real estate market is set to grow, with investment volumes expected to rise 13% YoY in 2025 and 25% in 2026
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Despite short-term hurdles, the European real estate market is set to grow, with investment volumes expected to rise 13% YoY in 2025 and 25% in 2026
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European office demand held steady in 2025, with vacancies at 9% and incentives tightening, and take-up forecast to grow 3% in 2026.
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European office investment set for 2026 rebound

Spotlight: European Office Investment – Q4 2025
European office investment set for 2026 rebound
Europe’s grocery sector will remain resilient, but growth is modest — leaving cost discipline, format agility and balance‑sheet strength as the key drivers of outperformance.

European grocery market outlook
Europe’s grocery sector will remain resilient, but growth is modest — leaving cost discipline, format agility and balance‑sheet strength as the key drivers of outperformance.
The beginnings of a descent in global interest rates during 2024 have brought a resurgence in some prime residential markets.
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Spotlight: Monaco – 2025
The beginnings of a descent in global interest rates during 2024 have brought a resurgence in some prime residential markets.

"Sector yields start to bifurcate"

"Whilst various temporary lockdowns have put the brakes on recovery momentarily, domestic demand, on the whole, has been driving the broader recovery across much of the European hotel market in recent months"

"Covid-19 has adversely impacted investment volumes, however, pricing shifts have begun opening attractive investment opportunities"

"Will yields move higher?"

"Despite immediate headwinds facing hotels, the underlying fundamentals of the sector continue to support longer-term investment opportunities"

"Domestic leisure-led locations are experiencing the immediate recovery in performance while larger urban centres continue to be hindered by an absence in corporate and international demand"

"Prime yields remain static throughout August"

"Thanks to a strong start of the year, the accumulated volume since the beginning of the year reached €118.9bn, a 1.3% decrease compared to H1 2019"

"Industrial was the sector of choice in July, with industrial distribution and industrial multi-lets both moving in by 25 bps"

"Google mobility data demonstrates pronounced improvements in travel across leisure-led locations, translating into strong occupancy and ADR performance"
Exploring the global trends shaping the world of real estate, the 2025 edition of Impacts looks at why real estate needs to adapt and think differently given existing geopolitical, environmental and economic volatility.