Germany as the Gateway to European Real Estate Investment

Germany is the largest real estate investment market in the eurozone. Our new whitepaper explains why the depth and breadth of the market can do the work of a pan-European strategy.

Key facts at a glance:

• Largest market in the eurozone: Transaction volume reached around €33 billion in 2025, larger than the other large eurozone markets, France, Spain and the Netherlands.
• International capital: 45% of 2025 transaction volume came from international investors.
• Breadth across asset classes: Residential (25.6%) and logistics (20.1%) were the largest segments in 2025. Hotels grew 38% and healthcare 18%.
• Residential: Around 53% of the population rents. Prime multifamily rents have risen around 40% since 2019. Completions fell to around 207,000 dwellings in 2025, against an estimated annual need of around 320,000.
• Logistics: Prime rents in the five largest markets are up around 45% since 2019.
• Healthcare: The number of people aged 80 and over is projected to rise from 6.1 million in 2024 to 8.5 to 9.8 million by 2050.

Which asset classes still offer return potential despite narrow yield premiums over government bonds?

Why can a core market often be more efficient than a European portfolio spread across many single markets?

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