BNP Paribas Real Estate Investment Management (BNP Paribas REIM) presents its Lighthouse Report for H2 2025, an outlook for the European real estate market using its in-house forecasts, analysis, and the expertise of its local teams. In this new edition, BNP Paribas REIM defines its convictions and provides the investment strategies for the rest of the year.
The real estate market enters a recovery cycle based on income growth
Since the start of 2025, real estate markets across Europe have been impacted by renewed volatility due to growing protectionist pressures and increased geopolitical unpredictability, making investors more cautious despite the European Central Bank’s rate cuts.
Real estate continues to offer resilience, however, as the long-term fundamentals remain compelling and continue to support a positive view. In the first quarter 2025, European real estate investment volumes reached €45 billion ($51 billion), a 6 perce
