1. Turkey: Hotels balance record tourism with soaring costs
Turkey’s hotel industry is grappling with a volatile economic landscape as its hoteliers seeking to balance record-breaking tourism numbers with fast-rising operating costs.
Cost pressures on Turkey’s hotels intensified significantly in 2025, driven primarily by persistently high inflation, which continues to outpace currency values, said Tuğra Gönden, chairman of Cushman & Wakefield in Turkey. “This imbalance has pushed operating costs to levels that many hotels can no longer absorb, resulting in a growing number of properties exiting the market, entering distressed sale processes or continuing operations under severe margin pressure,” Gönden said.
2. UK: Basilica preservation among big projects displayed at Mipim
Some of the world’s biggest and best real estate projects are on display this year at the annual Mipim conference in Cannes, France, as stakeholders look to secure investments to unlock developments or share their experiences in implementing complex projects.
CoStar News looks at five prominent projects, including a $26 billion coastal city in Saudi Arabia and a 30-story mixed-use London office tower that is putting the city’s ancient history in the spotlight. When the remains of London’s first Roman basilica, a political, judicial, commercial and social hub, were discovered during an office tower redevelopment, designs had to be completely redrawn to preserve the first-century structure.
3. France: Property recovery may take more time
After several years marked by macroeconomic tensions and outside shocks that led to a severe correction in values, European real estate appears well positioned to start attracting capital again this year. But analysts said it remains to be seen whether France can take advantage of the potential windfall.
France emerged as the most popular European investment market in the 2022 edition of a closely watched annual survey by three global real estate research firms, but it fell to sixth in the 2026 edition. Factors contributing to France’s relatively timid recovery include political and fiscal uncertainty, which are undermining household and business confidence in real estate investment. This is occurring even as overall French economic growth is now “surprisingly strong,” according to analyst Mabrouk Chetouane of Natixis Investment Managers.
4. Germany: Prologis buys large logistics portfolio
American firm Prologis, among the world’s biggest owners of industrial real estate, acquired a large German logistics portfolio from Union Investment. The purchase of five properties totaling about 139,000 square meters, for a price around €160 million, is the latest in a series of recent European investments by San Francisco-based Prologis.
Properties in the latest deal are in German regions that include Dortmund, Worms, Bönen and Herne. According to Thomas Daily data, the sale price was slightly above the most recently determined market value of the five properties, which was around €157 million.
5. Canada: Toronto investor bets on Montreal apartment demand
A Toronto‑based investor says Montreal remains one of the best apartment markets in North America following its $55 million purchase of a rental complex in the Villeray-Saint-Michel-Parc‑Extension borough.
Marking its fourth acquisition in the Montreal region in less than three years, KIN Asset Management acquired Le Mistral, a pair of mid‑rise apartment buildings with 224 units, bringing its portfolio in the region to more than 700 units. “When you put it all together, affordability, scale and limited new supply, we think it’s an opportune time in the market,” KIN partner David Hanick told CoStar News, noting what he sees as a disconnect between pricing and long-term value.
6. US: Government property portfolio needs $50 billion in deferred upkeep
A U.S. government real estate portfolio needs an estimated $50 billion in deferred maintenance and repairs as calls to streamline property holdings grow.
A Congress-appointed panel identified the liabilities in a report that calls for shrinking assets as the answer to a growing list of needed upkeep. As a result of chronic underfunding for maintenance and repairs, the government’s property portfolio is left “with deferred maintenance backlogs that increase building lifecycle costs, accelerate asset deterioration, and degrade facility performance,” according to the report.
This report was compiled from CoStar’s news publications in the United States, United Kingdom, Canada, France and Germany.