Office investment has regained its position as the most active segment in EMEA over the past 24 months, ahead of industrial and multi-family residential. This represents a significant departure from global trends, where multi-family residential remains dominant. Industrial investment in EMEA remains stable, while retail continues to grow consistently. The hospitality segment lags in terms of relative activity.
„Sector dynamics in EMEA are changing. The revival of office investment reflects a focused confidence in underlying assets, while the industrial segment continues to deliver solid returns. These trends indicate that investors are re-aligning their strategies to reflect market realities,” said Damien Harrington, Head of Research, Global Capital Markets and EMEA at Colliers.
While global fundraising recovers – reaching $111 billion in the first half of 2025, or 85% of the 2024 total – capital allocation in EMEA continues to favor office and industrial assets. Multifamily real estate has shown a very strong performance in the first quarter, and data center activity is also expected to grow as capital is directed towards it globally and regionally.
Inflation and interest rate dynamics remain mixed in the region. The eurozone's Harmonized Index of Consumer Prices (HICP) held steady at 2% in July, in line with the ECB's target, while UK inflation rose to 3.8% and interest rate cuts were limited to just 25 basis points. The interest rate cuts support much healthier yields on a relative basis, with the eurozone slightly ahead of the UK.
Detailed statistics on average property prices in Bulgaria by city and neighborhood can be found at imot.bg