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Year-to-date investment in European commercial real estate reached €111.3bn in Q3, continuing the asset’s pattern of elongated recovery .

€76.7bn was invested in commercial real estate over the first half of 2025, a small increase on H1 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.

€154.4bn were invested in commercial real estate over the year, establishing 2024 as the start of market recovery with a +18% annual increase.
The ECB has made significant progress in returning eurozone inflation to the 2% target. This should allow the central bank to continue cutting interest rates until monetary policy reaches a neutral setting.