Germany’s real estate investment market achieved a transaction volume of around €60.6 billion ($70.34 billion) in the first three quarters of 2021, reflecting year-on-year growth of eight percent, according to CBRE. Residential real estate overtook office property as the strongest asset class, delivering a result of €20.8 billion ($24.14 billion), which is higher than any other full year to date. Despite numerous portfolio disposals, some of them very large, which includes a deal facilitated by CBRE involving the sale of multifamily properties held by Akelius in Berlin and Hamburg to Heimstaden, portfolios took a smaller share in the overall transaction volume compared with the year-earlier period. Single asset transactions dominated market activity with a share of more than €35 billion ($41 billion), achieving growth of 30 percent year on year. Altogether the Top 7 locations clocked up around 55 percent of the overall transaction volume, significantly more than in the previ
