【CBRE】European Real Estate Market Outlook Midyear Review 2026

• The US-Iran conflict has reshaped the outlook for the Economy, lifting inflation and prompting the ECB to raise rates rather than cut them as expected in January, though no further hikes are anticipated this year. Growth will stay modest and long-term interest rates elevated.
• Positive momentum in Capital Markets will resume in the second half, as easing debt costs and strong lender appetite support a rebound in investment, with alternatives attracting a growing share of capital.

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