Q3 2026 Global Trends and Tactics:

Real estate opportunities and risks in the current environment

Global real estate stabilizes with eight consecutive quarters of positive returns as transaction activity strengthens

• Transaction volumes reached $936 billion over the trailing year across the U.S., Europe and Asia Pacific, a 24% increase year-over-year, marking the seventh consecutive quarter of growth, while global institutions remain below target allocation to real estate with nearly 3x as many investors planning to invest more capital in 2026 compared to those who intend to invest less.
• The conflict in Iran has caused energy prices to spike around the world, resulting in above-target inflation in nearly all major economies, while global 10-year government yields have edged up again this year, though less dramatically than before.
• Global private real estate values have increased for six consecutive quarters through Q1 2026, with total returns positive across 19 of 21 countries in the MSCI index and 48 of 49 available property type and country combinations producing positive returns over the past year.