Spain for the first time came out on the first place in Europe on the investment attractiveness of real estate investment, according to CBRE European Investor Intentions Survey 2026.
According to CBRE materials, in the survey (cross-boarder responses, without taking into account the choice of “home” market) Spain became the leader of expectations for total real estate returns in 2026 – “just under 50%” of respondents named it as the market with the highest expectations.
The top 10 countries in terms of expectations for aggregate returns in 2026 included Spain, the UK, Poland, Italy, Germany, Portugal, the Netherlands, Denmark, France and Sweden.
In the ranking of the most attractive cities for cross-border investment, London retained the first place.
Next in the top five were Madrid (2nd), Warsaw (3rd), Barcelona (4th) and Milan (5th).
CBRE notes an improvement in investor sentiment: 89% of respondents expect their buying activity in 2026 to increase or remain at the same level as in 2025. Living (residential real estate) remains the most preferred segment for the second year in a row, with logistics maintaining a strong position and interest in retail and offices growing year on year.
CBRE is a global commercial real estate and consulting firm; the European Investor Intentions Survey 2026 is based on responses from nearly 700 investors and outlines expectations for Europe’s real estate markets and sectors over the next year.
The CBRE European Investor Intentions Survey 2026 report does not mention Ukraine.
