Real Estate Market Report Germany Q2 2026

Germany’s real estate market shows early signs of gradual stabilization in Q2 2026 while financing conditions remain demanding. After a brief easing on capital markets, rate uncertainty persists; investors act selectively, prioritizing transparent cash flows and executable business plans. Residential activity broadens, whereas office leasing polarizes: modern ESG‑compliant space in prime locations remains scarce while older stock is under pressure. Early indicators such as rising building permits signal movement but not yet a broad‑based recovery.

Which segments offer resilient entry points now?

How will rents, yields and approvals evolve next?

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