Q3 2026 Global Trends and Tactics:

Real estate opportunities and risks in the current environment

The global real estate landscape is shifting, creating new opportunities across regions and sectors.

Global Trends and Tactics brings together the latest views from Nuveen Real Estate’s global research team, exploring the regional and sector trends shaping the market and where we see opportunities for investors.

Download the summary for selected highlights. Contact your Nuveen representative to access the full report. Don’t have a Nuveen contact? Visit our Contact us page.

Regional highlights 

European real estate navigates renewed geopolitical uncertainty, though a substantial prior correction offers some buffer

• European transaction volumes entered 2026 on a softer footing than late-2025 momentum suggested, with €47.3 billion recorded in Q1 2026, down 10% year-over-year, though European CRE has already endured a substantial correction cycle, with valuations now sitting at cyclical lows relative to many competing asset classes.
• Eurozone GDP accelerated to 0.4% in Q2, comfortably surpassing consensus estimates of 0.2% and with growth broad-based across all four major economies despite the energy price shock, though the ECB hiked rates by 25 basis points in June on renewed inflationary pressure, and 10-year government bond yields have since crept back above the highs seen during the depths of the conflict.
• Office was the only major property type to see European transaction volumes rise year-over-year in Q1 2026 (+11%), and annual net new supply across the top 30 European markets is falling to its lowest level since 2017, with some prime central submarkets facing a significant development crunch likely to drive strong rental value growth over the next five years.