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.

"The European gaming sector is primed for revenue growth of 8% per annum over the next five years, driven by rising user growth, digital adoption, corporate investment and a competitive developer landscape"

"Rising costs continue to dominate the narrative for global office occupiers, though declining incentives are helping avoid large-scale rent increases"

"A significant proportion of European office stock is at risk of obsolescence based on the EU’s proposed Energy Performance of Buildings Directive"

"European occupier demand intensifies for the best space as prime rents rise by an average 5.5% YoY"
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"European prime office yields move out by an average of 40 bps since Q1 2022 due to rising risk-free rates"

"Savills EME Investor Sentiment Survey collected responses from 5–26 September 2022. Replies came from investors targeting real estate in Europe and the Middle East, representing total EME assets under management exceeding €500bn"

"European occupiers are opting for flex space in order to attract staff back to the office"

"Rising costs remain and green shoots appear"

"Ongoing uncertainty remains a key driver of office market pricing"

"Global differences and complexities around ‘green’ office space requires local knowledge"
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.