Approximately €22.9 billion ($27.2 billion) was invested in German commercial property during first half 2021, according to Savills. At around €13 billion ($15.4 billion), the investment volume in the second quarter was the second highest of any quarter since the outbreak of the COVID-19 pandemic in the country but remained around 17 percent below the five-year average quarterly volume prior to the pandemic.
Savills expects the transaction volume to rise to more than €50 billion ($59 billion) by the end of the year.
“Activity in the investment market has stabilized overall since the fourth quarter of 2020; however, the third wave of the pandemic at the start of the year has been a hindrance,” said Marcus Lemli, Savills CEO Germany and head of investment Europe. “With vaccines being rolled out and restrictions being loosened, there are already signs that significantly more product will be brought to the market in the second half of the year. Since investor d
