Real estate investment in Europe has risen to 53 billion euros in the second quarter of 2026, representing a year-on-year increase of 6%, according to estimates from Savills. The consultancy places Spain and Sweden among the most dynamic European markets in the first half of the year, with increases of 57% and 68%, respectively.
In detail, during the first six months of the year, investment in real estate assets in Spain has hovered around 12.4 billion euros, while in Sweden the volume has reached 12.8 billion euros.
From Savills, they point out that most investors "continue to bet on defensive sectors with solid operational fundamentals." Within this strategy, the 'Living' segment —which includes 'multifamily', student residences, and senior living— already accounts for nearly 30% of the total volume allocated to real estate investment across Europe.
The firm also highlights that portfolio transactions have maintained "a prominent role," although activity "seems to have moderated" compared to the previous two quarters.
Despite a "general market sentiment that is weaker," Savills anticipates an increase in the average size of transactions, supported by several emblematic purchases that demonstrate sustained investor interest in exceptional assets.
At the same time, the company emphasizes that, although financing remains "easily available for high-quality real estate assets in Europe," there is a "greater emphasis" on income security, asset quality, and greater discipline in pricing.
Regarding the second half of 2026, Savills' forecast is that yields will remain stable across most segments and geographies, while yield compression is expected to be restricted to assets considered exceptional.