Colliers – EMEA Capital Markets Snapshot, Q4 2025

This report provides an overview and analysis of the European real estate capital markets for Q4 2025.

The European real estate market is showing early signs of recovery with momentum building across offices, logistics, retail, and living sectors. Investor confidence is improving due to pricing resets and stabilizing supply-demand dynamics, especially in core markets like London and Paris. Emerging segments such as data centres are growing rapidly, supported by strong fundraising and development strategies. Office markets are recovering with rising transaction volumes and rental growth in key cities. Logistics demand remains strong but supply is constrained, leading to high prime values. Retail investment is selective, focusing on retail parks and grocery-led formats, while prime high street retail attracts diverse buyers.