European real estate sector sees 10% growth in the first half of the year

The recovery is driven by the Hotel and Living sectors.

According to the latest figures from global real estate consultant CBRE, the total investment volume in Europe reached €86.5 billion in the first six months of 2024. This represents a 10% increase compared to the first half of 2023 and signals a significant shift in market trends.

Positive trends were reported by all major sectors, particularly Living and Hotels, with the latter achieving its second most profitable quarter since 2021 with investments of €5.4 billion. In the first half of the year, volumes increased by 62% in the Hotel segment to €9.9 billion and by 6% in the Living segment to €18.3 billion. The Office segment also performed well with an investment volume of €18.7 billion (up 1%), as did Industry (up 7% to €16.1 billion) and Retail (up 1% to €13.5 billion).

From January to June 2024, eight of the ten largest European markets performed strongly: Germany and the UK +15% and +10% respectively, Central and Eastern European countries +21%, Nordic countries +26%, Benelux +71% and Spain +2%.