According to Savills, in the first half of 2026, transaction volumes for Germany residential properties* totalled approximately €3.8bn. This represents a decline of 5% compared with the corresponding period last year.

The international real estate advisor recorded around 110 transactions, representing an increase of 20% year on year. The prime yield remained stable at 3.6%. Savills expects transaction volumes for the full year to be in line with last year.

Savills says that development acquisitions accounted for 25% of the transaction volumes in the first six months and more than 80% of the acquisition volumes for development projects came from public-sector housing companies.

Marco Högl, Director and Head of Residential Capital Markets, Savills Germany, says: “In the first half of the year, properties in the small and medium size segments were particularly in demand, but investors remain very selective when it comes to properties above €100 million. There is a particular focus on existing properties with increasing capital volume available for core-plus strategies. More straightforward stock with sale prices significantly below €1,500 per sq m were also highly liquid in the first half year and are particularly sought after by opportunistic investors or those pursuing manage-to-green approaches.”

*Only transactions for at least 20 residential units.

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