The European commercial real estate market is showing the first clear signs of recovery after a prolonged recession caused by rising interest rates.
The volume of investments in this sector in the last three months of 2025, according to data provided by CBRE, reached 86.1 billion euros, which is the best indicator since the beginning of 2022.
The annual total for 2025 amounted to 241 billion euros, which is 13% more than in 2024.
The recovery is broad-based: activity has increased even in troubled sectors such as retail.
The healthcare real estate sector stands out in particular, where investments increased by 285%;(to a record 22.8 billion euros), largely due to major deals like the purchase of Assura Plc by Primary Health Properties Plc.
The growth indicates that the protracted confrontation between buyers and sellers over price issues, which has lasted since the rates rose, is beginning to weaken.
Liquidity is returning to the market: money previously "frozen" in old assets is beginning to return to investors and be invested in new deals.
Experts attribute the recovery to an improvement in investor sentiment and the emergence of more competitive conditions in the lending market. The European commercial real estate market has probably overcome the lowest point of the recession, and a phase of sustainable recovery has begun at the end of 2025.
Source: Bloomberg
