RESULT ONLY SLIGHTLY BELOW LAST YEAR'S LEVEL
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The German residential investment market recorded an overall solid first half of 2026. In the first six months, around €4.4bn was invested in residential portfolios of 30 units or more. This placed 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 financing environment has recently become more volatile again, the underlying fundamentals continue to support the residential market, keeping demand for resilient residential investments high.
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The share of large-volume, nationwide portfolio transactions required for a more pronounced market recovery remains limited but has increased compared with the first quarter. At the same time, the second quarter shows that larger nationwide standing-asset portfolios are also being completed again. In the first quarter, the over-€100m segment was limited to new-build and forward deals, including a nationwide portfolio, Deiker Höfe and part of the Holstenareal. By contrast, the second quarter saw the completion of four large standing-asset portfolios outside the A-cities. This underlines the return of larger value-add transactions.