Market Update third quarter 2025

In the third quarter of 2025, inflation declined further and consumer confidence improved slightly, although both remain below long-term averages. The labor market remains tight and government bond yields stay relatively high, indicating ongoing uncertainty. 

• Retail: Non-food sales are rising, and competition for prime city center locations is intensifying among major retailers. Rents are increasing and vacancy rates are falling, signaling continued market recovery.y.
• Residential: The rental market remains tight, with low vacancy and rising rents. House prices continue to climb, driven by strong demand and limited new construction.
• Offices: G5 cities dominate take-up, with strong demand for modern, well-connected offices. Prime rents are rising and large investments transactions point to renewed investor confidence.
• Science Parks: The market remains resilient, despite rising vacancy due to new supply. Government investments highlight the strategic importance of semiconductors, AI, and defense-related R&D.
• Farmland: Land prices continue to rise, despite uncertainty around nitrogen policy. Farmer sentiment remains stable, though pressure is increasing for organic and arable producers.
• Renewables: Solar and wind continue to grow steadily, despite a temporary increase in fossil generation. Battery storage is gaining importance and investor interest due to grid congestion and negative price hours.