To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionGerman transaction market in slow recovery mode
Despite no signs of a classic “year-end rally,” the German real estate investment market is staging a gradual recovery, says CBRE.
The first three quarters of 2024 have seen transaction volumes total €22.2 billion ($24.3 billion) in Germany, an increase of 9 percent when compared with the same period in 2023. The third quarter, however, saw transactions drop by 6 percent compared with the previous three months.
Almost half of the overall volume was accounted for by the seven top locations of Berlin, Düsseldorf, Frankfurt am Main, Hamburg, Cologne, Munich and Stuttgart, at just under €11 billion ($12.0 billion). Residential properties attracted the most capital at €5.3 billion ($5.8 billion), followed by retail properties with €4.75 billion ($5.2 billion) and logistics and industrial with €4.4 billion ($4.8 billion). Office property transactions amounted to €4.2 billion ($4.6 billion).
CBRE says investors channeled less funds into core products t