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Germany’s real estate holds ground despite COVID-19 crisis
Research - JULY 16, 2020

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Germany’s real estate holds ground despite COVID-19 crisis

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Investments of €41.8 billion ($47.79 billion) were channeled into the German real estate investment market in the first half of 2020. Compared with the first six months of 2019, this marks an increase of 34 percent that was mainly attributable to the strong first quarter. Measured against the first quarter, the transaction volume contracted by 52 percent to €13.6 billion ($15.55 billion). Against the backdrop of the dramatic upheavals in society and economic turmoil, compounded by limited scope for action due to COVID-19, this is still a good result that underscores the great confidence investors place in the German real estate market. For comparison: the entire transaction volume in 2009 amounted to just under €10.5 billion ($12 billion). This is the conclusion drawn in a current analysis prepared by the global commercial real estate services company CBRE.

“No apocalypse on Germany’s real estate investment market is an apt summary of the ‘Covid-19 quarter’. No

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