Intelligent Investment
German Investor Intentions Survey 2026
New strategy, allocation, and pricing trends have emerged
16 February 2026 25 Minute Read
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In the 2026 edition of CBRE’s Investor Intentions Survey, German respondents expressed continued optimism regarding European property markets. Key factors underpinning this sentiment include attractive price entry points, reduced supply pipelines, greater price alignment between buyers and sellers as well as an improving rental outlook.
While wide bid-ask spreads remain the perceived market challenge, most respondents still expect to increase in both purchasing and selling activity this year. Respondents also indicated that pricing levels are more stable than last year, signalling that price convergence is already underway.
Our 2026 survey highlights several notable shifts in investor sentiment. Among the most significant is the rise of Spain andits major cities, which have moved to the top of preferred cross-border investment destinations. As in previous years, responses from Limited Partners (LPs) and General Partners (GPs) were analysed separately, uncovering material differences in perspective. This year’s survey also expanded its scope to explore how investors are approaching sustainability, including value-creation strategies and progress toward net zero commitments. These new insights reveal a high level of ambition across the industry.
In 2026, deal flow is expected to increase as investors implement creative strategies and target up-and-coming locations. The year ahead is expected to mark an accelerationin the recovery of European/German property markets, supported by the strong investor sentiment reflected in thesurvey.
While wide bid-ask spreads remain the perceived market challenge, most respondents still expect to increase in both purchasing and selling activity this year. Respondents also indicated that pricing levels are more stable than last year, signalling that price convergence is already underway.
Our 2026 survey highlights several notable shifts in investor sentiment. Among the most significant is the rise of Spain andits major cities, which have moved to the top of preferred cross-border investment destinations. As in previous years, responses from Limited Partners (LPs) and General Partners (GPs) were analysed separately, uncovering material differences in perspective. This year’s survey also expanded its scope to explore how investors are approaching sustainability, including value-creation strategies and progress toward net zero commitments. These new insights reveal a high level of ambition across the industry.
In 2026, deal flow is expected to increase as investors implement creative strategies and target up-and-coming locations. The year ahead is expected to mark an accelerationin the recovery of European/German property markets, supported by the strong investor sentiment reflected in thesurvey.
