Intelligent Investment
SEE Region Real Estate Market Outlook 2026
January 13, 2026 30 Minute Read
As we enter the new year, the real estate market has firmly entered the next cycle. We expect the major SEE countries to remain stable in terms of development and investment. However, there will be clear differences across various commercial sectors and markets.
The investment market will continue to improve gradually, as improved financing conditions will increase returns, driven by income-focused strategies and a strong appetite for lending.
Most occupational markets are expected to see stable activity the year amid a weak macroeconomic backdrop. However, there are some standout segments, such as the office sector in certain markets, where an acute shortage of supply will fuel rental growth.
- The European economy is set for only modest growth in 2026 as tariffs weigh on activity, though easing inflation should support household incomes and consumption.
- Positive sentiment in real estate Capital Markets is set to continue this year, as asset prices stabilize, bringing buyers and sellers closer together.
- Competition for new Office space is expected to intensify, as supply has dropped to its lowest level in a decade amid already tight vacancies across most SEE capitals.
- While retail parks continue to be the main driver of activity in the Retail Market, shopping centre owners will remain focused on enhancing and diversifying their offer to make their schemes more appealing.
- Logistics sector in the SEE region is in accelerated expansion phase, supported by strong development pipelines, rising interest in secondary cities, and sustained occupier demand.
- As regulations continue to evolve, Sustainability will play an increasingly central role in value creation, strengthening resilience, lowering risk exposure, and preserving asset value.
