Investment Dashboard

The German commercial investment market remained stable overall in 2025, despite a continuing challenging environment. The total annual investment volume is recorded at just under €34 billion. This is slightly below the previous year's result by -3.5%, although performance varied significantly across asset classes, including a remarkable 19.5% increase in office transactions and an almost 29% rise in hotel investments. Towards the end of the year, the market gained further momentum: with €10.2 billion, the final quarter showed the most lively months of the year. The strong last chapter of the year demonstrates that, in many cases, the investment pipeline became ready for transaction and processes were more consistently brought to a deal. Key factors were more realistic price expectations and better predictability of financing. Overall, 2026 is likely to be characterised by a broader deal base, even though market participants are expected to continue acting with discipline in their calculations and risk assessments.