In 2026, volumes are expected to exceed the one-trillion-dollar mark (around €850 billion), 15% more than in 2025. According to the latest outlook from Savills World Research, published in Impacts magazine, this level will be reached for the first time since 2022.

EMEA is expected to record the strongest growth, with a 22% increase to $300 billion in investment volume, while the Americas will remain the leading region, with a projected $570 billion, of which $530 billion will be in the United States.

Prime offices top investment preferences

Savills estimates that around a quarter of global investment volume will be concentrated in the office sector, reinforcing the weight of this segment in 2026.
Despite economic and fiscal challenges, the consultancy anticipates a market recovery and a more optimistic environment for investors, supported by the return of institutional capital, stable demand and a rebound in activity after several years of weak performance.

Rasheed Hassan, Head of Global Cross Border Investment at Savills, highlights that 2025 data already show a turning point, with investment in the first three quarters 10% higher than in the same period of 2024. “Capital values have stabilised at lower levels, average deal sizes are increasing, and debt is once again enhancing returns. These trends should strengthen further in 2026.”

In the occupational market, 89% of Savills researchers worldwide anticipate increases in prime office rents in their respective geographies in 2026, as companies continue to prioritise higher-quality spaces.

Residential, I&L and Retail

Investor demand is expected to remain strong in the residential and industrial & logistics sectors, while retail will also continue to offer opportunities. In this case, the outlook varies by subsector and region, but overall two thirds of Savills specialists anticipate rental growth in 2026, and 26% expect rents to remain stable.

Pedro Figueiras, Head of Capital Markets at Savills, comments: “The Portuguese market is no exception to this trend. On the contrary, the strong performance of the national economy has reinforced investor interest in increasing exposure. As seen in other regions, the fourth quarter of 2025 already reflects this dynamic, and the beginning of 2026 should bring high investment volumes across virtually all sectors.”

AI, technology and new assets

Savills highlights technology as one of the key themes shaping the global real estate market in 2026, the second most relevant factor after the economic and fiscal environment.
The impact of AI on work is expected to vary across sectors, from how companies use offices and define occupancy strategies to the creation of new opportunities in data centres and PropTech.

Paul Tostevin, Head of Savills World Research, concludes: “Technological transformation, driven by greater adoption of AI, plays a central role in the evolution of the market, but investors and occupiers cannot ignore the impact of demographic and behavioural change. Real estate ultimately exists to serve people — where they live, work, shop and spend their leisure time. As these behaviours change and demographic profiles evolve, operational capability becomes a decisive factor for differentiation.”