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The residential investment volume in Europe showed positive signs in Q1 2025, with the highest Q1 investment volume reaching €8.9bn since Q1 2022.

Total investment for Q1 2025 amounted to €162bn showing a solid +22% year-on-year increase.

Over Q1 2025, the market increased by 2% in the leading European markets compared to Q1 2024. In a context of slow economic activity and strong political uncertainties, there are great disparities within Europe.

Office letting activity held firm in the first quarter of 2025, with take-up rising by 6% compared to the same period last year.

€36bn were invested in commercial real estate over the first quarter of 2025, marking a steady performance compared to the same period last year.

This year will be an inflection point for European real estate markets. The macroeconomic environment remains uncertain and long-term interest rates are likely to remain elevated. This means property returns will be driven by income and investors will have to work harder for them.