European CRE Markets Show Renewed Momentum

According to Savills research, European commercial real estate (CRE) markets are gaining momentum with investment projected to reach approximately EUR52 billion (US$60.8 billion) in the first quarter (1Q) of 2026, a 6% year-on-year increase, the Council on Vertical Urbanism reports. Growth has been notably strong in Finland, Ireland and Poland, which are each expected to see increases of at least 50% compared to the same period last year. Germany, as well, has returned to positive growth, and the U.K. continues to see steady expansion. Across Europe, data points to gradual market recovery, with full-year volumes projected to increase by 16% in 2026 and 17% in 2027. Sector activity is balanced, led by multifamily and hospitality followed by retail, logistics and office assets. 1Q 2026 also saw the re-emergence of so-called “trophy” property transitions, including a EUR2.6-billion (US$3-billion) multi-country retail portfolio changing hands.