Engel und Voelkers is intensifying its rental business in response to changing market conditions in Germany. The luxury estate agent, traditionally known for high-end property sales, is reportedly expanding its lettings portfolio as buyer demand stagnates and rental enquiries rise. The shift reflects broader structural changes in the German residential market, where high interest rates and economic uncertainty have pushed transaction volumes down while rental demand remains robust. Whether this represents a temporary tactical adjustment or a fundamental strategic realignment of the company's business model remains to be seen.