Summary

• Europe’s real estate market shows early signs of recovery, supported by stabilising valuations and declining interest rates.
• Investor sentiment is improving, aided by a clearer monetary policy path and rising confidence indicators.
• Expansionary fiscal policy — including over €1.6 trillion in planned investments — is boosting economic momentum.
• Logistics and data centres remain the standout sectors, driven by strong structural demand and tightening supply.
• While transaction volumes are still subdued, an increase in pending deals and improving liquidity indicators suggest activity is set to pick up.
• Overall, Europe is emerging as a compelling global market entering 2026, underpinned by resilience and favourable long‑term fundamentals.