Capital value analysis and forecast
Following headwinds in 2025, the global market enters 2026 on an uncertain footing
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Following headwinds in 2025, the global market enters 2026 on an uncertain footing
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Average European prime CBD office yields move out by 13 bps in response to higher bond yields during Q3 2026
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Stability persists amid elevated borrowing costs and economic uncertainty

Rental growth and yields
Stability persists amid elevated borrowing costs and economic uncertainty
Stronger economies are supporting property income, but renewed rate pressure is keeping the recovery selective, prime-led and regionally uneven.

Market in Minutes: European Investment Nowcast – Q3 2026 preliminary results
Stronger economies are supporting property income, but renewed rate pressure is keeping the recovery selective, prime-led and regionally uneven.
Prime residential prices remained resilient in the first half of 2025, recording positive price growth of 0.7%
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Prime residential capital value growth and forecasts
Prime residential prices remained resilient in the first half of 2025, recording positive price growth of 0.7%
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"APAC investment activity continues to recover, with Q2 turnover reaching US$46bn, up 18% y/y, although growth remains uneven."
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"European real estate investment entered Q2 2026 with improving momentum, but market conditions became more fragmented as macroeconomic and geopolitical risks reasserted themselves. "
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"The US recovery remains strong at the aggregate level, with investment reaching US$131bn in Q2, up 20% y/y."
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"EMEA, the largest region in the index by city count, achieved a diverse spread of capital value and rental growth in the first half of this year."
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"A region of contrast: Supply dynamics, economic conditions and buyer confidence are driving varied outcomes across the region."
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"European consumer economy defies expectations to help logistics market see 20% rise in take-up against the same period last year."

"European office vacancy rates remain stable, as shortage of new-build space pushes up prime CBD rents."
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