Shared 6 March, 2026
Global real estate capital is rotating back towards Europe, with EMEA emerging as the clear beneficiary of a shift in investor strategy, according to Colliers’ latest Global Capital Flows (FY-2025) research.
After two years of defensive positioning and US-led deployment, 2025 marked a turning point. Capital raised for EMEA-focused real estate strategies jumped 52 percent year-on-year, signalling growing conviction ahead of a stronger transaction environment in 2026.
EMEA continues to dominate global cross-border real estate capital, accounting for seven of the world’s top ten destination markets. This is not a broad-based rebound. Investors are reallocating selectively, targeting markets where pricing has reset, income durability is clearer and execution risk is falling.
“This is not a return to pre-2022 behaviour,” said Luke Dawson, Head of Global and EMEA Capital Markets at Colliers. “Capital is coming back into EMEA with greater discipline. Investors are underwriting income first, growth second and liquidity third, and Europe is starting to tick all three boxes again.”
“Improving yield spreads are creating opportunity, but it remains uneven and highly asset-specific,” said Damian Harrington, Head of Research, Global Capital Markets and EMEA at Colliers. “Those that understand where income, debt and pricing align will move first and capture the upside.”
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