Real Estate Analysis: August 2026

🏠 Residential Real Estate The analysis of residential real estate markets currently shows a three-way split: While prime locations in metropolitan areas continue to see stable prices, peripheral locations and new development areas are correcting noticeably. The cause lies in the combination of higher financing costs and reduced purchasing power, which has decreased demand from owner-occupiers. At the same time, pressure on the rental market is increasing, as supply shortages in urban centers remain unabated. Institutional investors are acting cautiously, while private buyers are increasingly turning to existing properties in need of renovation. The price discovery phase is likely to last at least two more quarters before a new equilibrium emerges. 🏢 Commercial Real Estate The commercial landscape shows a clear polarization: While traditional retail and production spaces are under pressure, logistics and technology centers with high levels of automation are booming. Brick-and-mortar retail is recording significant vacancies in secondary locations, while prime inner-city spaces continue to achieve stable rental prices. Office segments are strongly differentiating between modern, flexible space concepts with ESG certification and outdated existing buildings with high vacancy rates. The hospitality sector is showing recovery, but with changed requirements for hybrid usage concepts. Mixed-use areas that synergistically combine living, working, and amenities are particularly future-proof. The greatest return oppo …