Real Estate Market Report Germany - Q3 2025

November 4, 2025

The report for the third quarter of 2025 provides a detailed analysis of the German real estate market  as stabilization signals emerge amid muted macro momentum. It tracks a steadying office investment market, a residential segment below the long-term average but set for a busier Q4, and early signs of a rebound in building permits against an intensifying housing shortage. The analysis covers leasing and investment trends across the Top 7, a focused review of Berlin/Brandenburg’s investment and rental dynamics, and the implications of the ECB’s pause alongside the newly enacted “Bau‑Turbo” planning reforms—translating these shifts into timing, pricing, and risk considerations. Includes data-backed charts, yield ranges, and city-by-city comparisons.