Global Capital Markets Q2 2026 (Savills)

Summary

• Global investment activity reached around US$250bn in Q2, up 13% y/y.p.2
• Savills forecasts a 16% increase in global investment activity in the full year 2026.p.5
• US commercial real estate investment reached US$131bn in Q2, up 20% y/y.p.9
• European first-half investment totalled €106bn, 6.3% higher year on year.p.18
• Asia Pacific investment turnover reached US$46bn in Q2 2026, up 18% y/y.p.25
• The ECB raised its deposit facility rate by 25 basis points in June, to 2.25%.p.17
• UK investment fell by 16% y/y to £21bn in H1 2026.p.19

Key insights

1. Global investment of around US$250bn in Q2 was up 13% y/y, though sentiment has ebbed following the outbreak of conflict in Iran.p.2
2. Savills forecasts a 16% increase in global investment activity in the full year 2026.p.5
3. US investment reached US$131bn in Q2, lifting first-half activity to US$260bn, 23% higher than H1 2025.p.9
4. US portfolio investment reached US$35bn in Q2, up 60% y/y.p.9
5. US data centre investment reached US$8.4bn in Q2, almost twenty times higher than a year earlier.p.12
6. US industrial and logistics investment reached US$33bn in Q2, up 28% y/y.p.12
7. The ECB increased its policy rate by 25 basis points in June, bringing the deposit facility rate to 2.25%.p.17
8. The INREV Consensus Indicator fell from 54.7 in March to 41.0 in June.p.18
9. Eleven of the nineteen European markets monitored recorded a year-on-year decline in the first half.p.19
10. Cross-border investors accounted for 35% of acquisitions in Asia Pacific in the first half, up from 28% last year.p.26