SO FAR NO SUSTAINABLE VOLUME RECOVERY
The German residential investment market has made a solid start to 2026. In the first three months, a total of just under €2.0 billion was invested in larger residential portfolios of 30 residential units or more. However, the brightening of investor sentiment that has been observable for several quarters has not yet been reflected in a noticeable rise in volume. Compared to the strong prior-year quarter, the residential investment volume declined by 22%. However, the previous year's result was characterized by a number of large-volume portfolios, while a noticeably higher number of transactions was recorded in the current quarter. In particular, there has been a lack of large-volume, nationwide portfolio deals so far.
Due to the overall rather fragmented structure of the sales, the increased transaction frequency has not yet been directly reflected in the result. With a total of around 70 registered transactions, more deals were counted in the first quarter than at any time since 2022, which can be seen as a positive indicator of the current market development. Despite economic weakness and geopolitical risks, the German residential investment market continues to benefit from strong occupier market prospects and high demand from investors.