According to Savills latest research, transaction volumes for German commercial and residential properties* totalled approximately €14.7bn in the first half of 2026. This was in line with the corresponding figure from last year (approx. €14.4bn). Savills baseline scenario for 2026 remains unchanged with anticipated transaction volumes of €35bn.

With approximately €3.8bn in turnover, the residential sector accounted for the highest proportion of German investment volumes in the first half of the year. Industrial and logistics, and offices each saw properties change hands for €2.3bn. Healthcare and care home assets witnessed an increase in investment volumes by 50%. This was also the only sector in which the transaction volumes were above the 10-year average (+42%). The acquisition of Cofinimmo by Aedifica contributed substantially, accounting for around half of the investment volume in the first six months.

Savills says that given ongoing macroeconomic uncertainty, deal processes are taking longer than usual.

Karsten Nemecek, Deputy CEO and Head of Capital Markets, Savills Germany, says: “It is becoming increasingly clear which properties suit current demand. Owners can better estimate which assets can be sold at what price, allowing them to be more purposeful when selecting properties for disposal. This, in turn, might result in more deals being completed.”

* Transactions of at least 20 residential units only

Graphics and data accompanying this press release can be found on our Online dashboard on the real estate investment market.