After a subdued second quarter, global real estate capital markets have shown clear signs of recovery in Q3 2025. At mid-year, the narrative was one of a market treading water, with investors cautious amid heightened economic uncertainty. The disruption caused by the ‘Liberation Day’ tariff announcements in early April was the principal reason for concern. However, it now appears that this led to temporary delays rather than a fundamental retreat from the market.

Beyond the headline figures, there are several underlying trends that are indicative of a recovery that can be sustained. This quarterly report explores these global trends, looking at recent transactional activity, pricing, and investor behaviour in the living, logistics and office markets. We hope you find these three reports insightful and enjoy reading them.

Read the full Q3 2025 report, or read the individual sector reports: Living, Logistics and Offices.

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