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retail real estate
Pan-European

European retail real estate market in Q1 2026: Investment volumes remain stable and consumption indicators hold up

Over the past 12 months, commercial real estate investment in Europe has increased by 10%, despite a more subdued first quarter (-7% compared to Q1 2025). In this context, the retail sector shows a stabilisation in invested volumes year-on-year, while the hotel sector recorded a slight decline of 2% in commitments. Office and logistics stood out with growth of 11% and 7% respectively over the last 12 months.

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retail property market
Pan-European

Consumer trends continue, boosting investment

The growth in investment in European commercial real estate assets has stabilised since the beginning of the year (+17% y-o-y in Q3 2025). Investment in retail grew 26% y-o-y in Q3 2025, maintaining its momentum and enjoying the strongest growth of all the real estate asset categories, outpacing hotels (+15%); offices (+13%) and logistics (-7%).

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