Figures
Germany Residential Market Q2 2026
Residential investment market: pick-up in the second quarter, a more confident outlook
29 July 2026 5 Minute Read
Residential Investment Market
Investment Volume
The residential investment market proved selective but increasingly stable in the first half of 2026. At around €3.6bn, transaction volume was some 10% below the previous year, but a clear counter-movement set in during the second quarter: volume rose by around 17% compared with the first quarter.
With 97 deals, the number of transactions was around 8% above the previous year and 76% above the 2023 level. Market activity was dominated by single assets and smaller transactions, while prime yields across the Top-7 remained stable YoY at around 3.4%.
Trends
After a temporary standstill in May following higher reference interest rates, activity picked up again from June onwards. Investors calculated business plans more realistically and aligned them more closely with sustainable rental income. Subsidised and affordable housing increasingly moved into focus. Investors specifically sought segments offering high predictability and stable returns, while classic value drivers lost importance.
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Research Contacts
Jirka Stachen
Senior Director | Head of Research Consulting Continental Europe
Dr. Jan Linsin
Managing Director | Head of Research Germany
Business Contacts
Sandro Hoeselbarth
Managing Director | Head of Valuation & Advisory Services
Michael Schlatterer
Managing Director | Teamleader | Valuation Advisory Services
