European Outlook

Welcome to the new 2026 European Outlook, which offers insights into the vibrant and diverse European Property market, encompassing both residential and commercial perspectives.

As we look ahead to 2026, there has been much debate about whether the continent is entering a new period of tailwinds or tailspins, and what that means for our sectors, whether that be investors, occupiers, or residential clients.

Europe is attracting unprecedented inflows of wealth. Regulation is reshaping value. In some markets, tighter rules have created scarcity premiums; in others, they have cooled investor appetite. And then there is the question of the office sector. Is it really back in business, or simply back on the market?

Our view is that Europe remains a highly compelling place to own real estate. The following perspectives from Kate Everett Allen, Head of European Residential Research, and Judith Fischer, Partner in European Commercial Insight, highlight the themes that will shape our markets as we move into 2026.

Our ambition is to provide insight into what we are seeing across our region, which we hope helps to inform your strategy and decisions in the year ahead.

I truly hope you enjoy these insights. If anything catches your eye or you have an idea to share, please don't hesitate to reach out to me.

Anthony Duggan, Chair - Knight Frank Europe