Residential Dashboards

Key Takeaways

In the first half of 2026, residential investment volume amounted to approximately €4.4 billion.

• The German residential investment market recorded an overall solid first half of 2026. In the first six months, around €4.4 billion was invested in residential portfolios comprising 30 units or more. This puts the result only slightly below the previous year’s level (-3%). At the same time, however, the market structure has become significantly broader: while the previous year was shaped by a small number of large-volume portfolio transactions, the number of deals has increased in the current year.
• Although the share of large-volume, nationwide portfolio transactions required for a marked recovery remains low, it has increased compared with the first quarter. At the same time, the second quarter shows that larger nationwide stock portfolios are also being sold again: after only new-build and forward deals in the size category above €100 million were recorded in the first quarter — including a nationwide portfolio, Deiker Höfe and part of the Holstenareal — four large stock portfolios outside the top seven cities were transacted in the second quarter. This underlines the return of bigger value-add deals.
• Despite economic weakness and geopolitical uncertainties, the market environment remains fundamentally supportive. On the demand side, persistently strong demand for housing is coinciding with limited new-build activity, further exacerbating supply shortages, particularly in prime locations. The resulting rental growth strengthens the appeal of the asset class and underlines the role of residential property as a resilient investment haven in a volatile environment.