Director - Head of Research Germany
Broker / Property management
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Director National Investment Germany - Head of Berlin Office
Senior Consultant Research
Managing Director, Corporate Finance & Valuation
Associate Research
Associate Research
Director National Investment Germany - Head of Berlin Office
Senior Consultant Research
Managing Director, Corporate Finance & Valuation
Associate Research
Associate Research
Transaction volume increases to €57.1bn despite lower amount of deals. Commercial property changed hands for almost €57.1bn in 2017, an increase of 4% compared with (...)
Transaction volume driven by rising prices – boom in developments. Residential property and residential portfolios changed hands for €13.7bn in 2017, representing an increase of (...)
Rising prices produce higher investment in the commercial and residential sectors. Commercial investment market The commercial investment market closed the year with a transaction volume (...)
Record take-up and increase in rental level in 2017 - Coworking is booming. The top six German office lettings markets enjoyed a record year in (...)
An increasing number of end-of-cycle phenomena are causing widening concerns although, based upon the facts, there is still no end to the cycle in (...)
Commercial transaction volume of €60bn - perhaps not? Commercial investment market With a transaction volume of almost €5.7bn, November was an above-average month in (...)
Cyclical peak reached in the commercial market? Weakest monthly volume since 2014. Commercial investment market With a transaction volume of just €2.2bn, October was the (...)
French investment in Germany totalled almost €1.5bn in the first half of the year, compared to €1.4bn during the same period last year. Hence, (...)
Transaction volume rises by a fifth - yield compression in secondary locations. Commercial property changed hands for a total of approximately €40.2bn during the first (...)
Despite the increasingly scarce supply, record take-up for 2017 ahead. Despite the increasingly scarce supply, office take-up has risen significantly year on year (...)
Prime yields may have reached the low point - and remain there for a long - time. Commercial investment market Although German commercial real estate (...)
Smaller locations and portfolios, more new builds and even higher prices. The transaction volume for German residential property in the first three quarters of the (...)
The acquisition of the Logicor portfolio by CIC has been by far the largest European real estate transaction of the current year. The German (...)
People are eating away from home with increasing regularity. Many shopping centres are responding to this appetite for eating out with a larger restaurant (...)
The entry of Asian investors into the market has been mooted for a long time. However, only this year have Asians actually become direct (...)
Forests account for the second largest land use in Germany behind agriculture. Around a third of the surface area of Germany is covered with (...)
Highest half-year transaction volume since 2007! The commercial investment market remains on a record trajectory with industrial and logistics property making a substantial contribution (...)
Commercial property changed hands for a total of more than €26bn in the first half of the year (Graph 1, Tab. 1). Only in (...)
Even the rental cap and other housing policy interventions are evidently unable to diminish investors’ interest in German residential property. The transaction volume in (...)
Demand for space in the six largest German office markets remained high in the second quarter while take-up increased further (Graph 4). This resulted (...)
The number of students in Germany reached a new record level of approx. 2.8m in the 2016/17 winter semester. The number of foreign students (...)
In view of the continued high level of transactions last month (Table 1) and the very full deal pipeline, we are raising our projected annual (...)
April saw a seamless continuation of this year’s extremely strong investment activity. If the current momentum is sustained until the end of the year, (...)
Commercial property changed hands for a total of more than €12bn in the first quarter of the year (Table 1+2). This represents the strongest (...)
Finding property will be even more challenging for investors and occupiers alike in 2017. With further initial yield compression likely to be no more (...)
University cities have repeatedly been cited as an alternative to the top seven cities in recent years when it comes to seeking low-risk investment (...)
THE office of the future? There is no such thing! Neither career starters or young professionals from Generation Y nor experienced professionals/office personnel from Generation (...)
The transaction volume for retail property during the year to date has fallen by 46% year on year to €8.8bn, representing an even stronger (...)
Vacant office space is becoming a rare sight in Germany’s major cities. Demand for office space remained very high throughout the summer of this (...)
The German office investment market gained momentum in the third quarter. The transaction volume rose by 58% compared to the previous quarter. Office properties (...)
Logistics and industrial property changed hands for a total of approximately €3.0bn during the first three quarters of the year, representing an increase of (...)
The transaction volume for German commercial property in the first three quarters of 2016 totalled around €32.5bn, representing a decrease of 18% compared to (...)
Portfolios changed hands for approximately €7.2bn in the German residential investment market in the first nine months of the year. This represents a decrease (...)
The investment market for retail property has witnessed a significant decline in transaction volume this year (Q1-Q3 16: -46% compared to Q1-Q3 15). The (...)
In Frankfurt, there are around 5,250 care places in 55 nursing homes. Some 800 of these beds are currently empty. Despite the current oversupply, (...)
The transaction volume for commercial property in the first half of 2016 totalled approximately €18bn. However, while the high demand for real estate continues (...)
The market for nursing homes remains a growth market with 300,000 more beds required by 2030. However, the market is fragmented and the number (...)
In the current debate surrounding housing shortages in the major conurbations, the subject of micro-apartments is increasingly gaining traction. The Federal Ministry for Construction, (...)
Office rents in the top six cities have risen continuously since 2004 with the exception of 2009, the year following the financial crisis. We (...)
In the major German office markets, office space is becoming a rare commodity. Availability across the top six office markets at the end of (...)
While office property was one of the few segments in the investment market to register increased transaction volume in the first quarter of the (...)
The investment market for logistics and industrial property is witnessing sustained high levels of demand from investors, which shows no signs of abating. Accordingly, (...)
Commercial property changed hands for a total of approximately €18.1bn during the first half of 2016, representing a 28% decrease compared with the corresponding (...)
Property investors in Germany follow a code comparable with the nation’s beer purity law. According to this creed, a property must consist of a (...)
German retail property remains in immensely high demand. However, with isolated exceptions, investors are focused on core and, potentially, core-plus real estate. Value-add properties, (...)
The era of large transactions in the German residential investment market finally appears to be over. Over the last 12 months, residential property changed (...)
Eastern Germany remains under-represented in the real estate investment market and continues to be characterised by relatively low liquidity. The average commercial transaction volume (...)
Office take-up in the top six office markets totalled almost 800,000 sq m in the first quarter of 2016, surpassing the very strong corresponding (...)
The German Federal Statistical Office reported the “strongest growth in private consumer spending since the year 2000” in mid-March. This increase in consumption is (...)
After the ECB lowered its main refinancing rate again to 0% on 10 March, the share prices of the three largest German residential property (...)
Office property was among the winners in the German commercial investment market in the first quarter of 2016. The transaction volume for office properties (...)
Including German logistics and industrial property in investment portfolios will remain an attractive strategy for investors in 2016. One reason for this is that (...)
The commercial investment market recorded a transaction volume of more than €8.3bn in the first quarter of the year. This represents a decrease of (...)
The Brexit referendum, global economic concerns and political crises are among the many potential triggers for a summer of turbulence in the capital markets. (...)
The transaction volume in both the commercial and residential property markets fell by doubledigit percentages in the first quarter of 2016 compared to the (...)
Germany's population has been growing more strongly than expected, even before the influx of refugees. Consequently, in the core growth areas in particular, there (...)
The strong fundamentals of Germany on the one hand and global risks on the other hand, combined with the continued extremely low interest rates (...)
The six largest office letting markets in Germany are enjoying an uptrend characterised by growing demand, rising rents and declining vacancy rates. On the supply (...)
Logistics property has previously played a niche role in the German commercial property market, accounting for only around 5.5% of the overall annual transaction (...)
The six largest office letting markets in Germany are enjoying an uptrend characterised by growing demand, rising rents and declining vacancy rates. On the (...)
The German investment market continues to be characterised by massive surplus demand, which is most pronounced in the core segment. When prime properties change hands, (...)
The economic recovery in the eurozone will continue in 2016, albeit at a very slow tempo. The economy will grow by 1.5% with predominant (...)
The rolling transaction volume of the past twelve months summed up to €56.1bn, representing a plus of 3.9% compared to the figure of last (...)
The rolling transaction volume of the past twelve months summed up to €52.9bn, representing a plus of 6% compared to the figure of last (...)
Investors’ interest in German retail property did not relent during the third quarter of the year. The retail transaction volume totalled more than €15.1bn (...)
The rally in the German commercial investment market continued in the third quarter of the year. More than €56bn was invested in commercial property (...)
Take-up in the top six office markets totalled around 2.3 million sq m in the first three quarters of 2015, representing an increase of (...)
The rolling transaction volume of the past twelve months summed up to €49.3bn, representing a plus of 0.2% compared to the figure of last (...)
The rolling transaction volume of the past twelve months summed up to €48.3bn, representing a plus of 3% compared to the figure of last (...)
In our previous briefing notes of this series, we highlighted the lack of affordable apartments for students, particularly in the large (university) cities, owing (...)
German universities have registered a significant increase in student numbers in recent years. Almost 2.7 million students were enrolled in Germany during the 2014/15 (...)
The rolling transaction volume of the past twelve months summed up to €46.8bn, representing a plus of 12% compared to the figure of last (...)
As discussed in the second part of our series of publications on student accommodation, the building stock of privately operated student accommodation in the (...)
As discussed in the first part of our series of publications on student accommodation, the fact that rental growth in many university cities is (...)
German retail property has been and remains extremely soughtafter among investors. Investment in the sector totalled more than €9.5bn during the first half of (...)
The rolling transaction volume of the past twelve months summed up to €40.4bn, representing a plus of 2.2% compared to the figure of last (...)
Have you ever asked yourself what differentiates a student apartment from a "normal" apartment? The (private) student apartment providers would probably list the following (...)
The rolling transaction volume of the past twelve months summed up to €39.3bn, representing a decrease of 0.2% compared to the figure of last (...)
The rolling transaction volume of the past twelve months summed up to €39.3bn, representing a plus of 1.8% compared to the figure of last (...)
Take-up in the top six office markets totalled 680,000 sq m in the first quarter of 2015, which represents a decline of 3.1% on (...)
The upturn in the German real estate investment market continues. Investment in residential and commercial property in the first quarter of 2015 totalled approximately (...)
The rolling transaction volume of the past twelve months summed up to €37.0bn, representing a decrease of 5.8% compared to the figure of last (...)
The rolling transaction volume of the past twelve months summed up to €38.6bn, representing a decrease of 3.0% compared to the figure of last (...)
In 2014, take-up in the top six office markets decreased by almost 3% compared to the previous year to reach a level of 2.7m (...)
Investment in German commercial property totalled almost €40bn in 2014. This represents an increase of 27% on the previous year; itself a very strong (...)
Take-up in the top six office markets totalled 2.7 million sq m in 2014, which represents a decline of 3% on the previous year (...)
The surplus demand in the investment market will continue. Yields will tighten owing to higher risk tolerance from investors, particularly in the non-core segment. (...)
The transaction volume in the commercial property market for the first three quarters totalled €25.4bn, representing an increase of 31% compared to the same (...)
Take-up in the top six office markets totalled almost 1.3 million sq m in the first half year, representing a decrease of almost 6% (...)
Investment in German commercial property in the first half of 2014 totalled almost €17bn. A further €6.8bn was invested in residential portfolios. In both (...)
Almost €9.9bn was invested in German commercial property in the first quarter; an increase of 42% compared with the same quarter last year. Office property (...)
Take-up in the top six office markets totalled almost 680,000 sq m, representing an increase of 11.8% compared with the same quarter last year. However, (...)
Transaction activity February 2014: In total more than €2.4bn was invested (Ø Mar 2013 – Feb 2014: €2.8bn). Single asset transactions: 116 Deals (Ø: 128) (...)
A strong finish to the year lifted the residential portfolio market to a five-year high. Investment totalled €13.83bn, which represented a 35% increase on (...)
Take-up in the top six office markets was in line with expectations in 2013, registering a decline of approx. 10% or some 300,000 sq (...)
Economic and financial conditions resulted in new highs in Germany's commercial investment market. Overall, more than €30.4bn (+20%) was invested in 2013; the highest (...)
There are already a number of identifiable trends that will shape the German real estate market in 2014. Here, we summarise our expectations in (...)
The heightening economic divergence in Europe is also being reflected with increasing intensity in real estate investment markets. While transaction volumes declined in many (...)
High demand for residential portfolios continued in the first half of 2013. Investment totaled €5.66bn; a similar volume to that in the corresponding period (...)
The top six German office markets saw a comparatively weak start into 2013. However, we expect them to reduce the almost 20% p.a. decrease (...)
With a transaction volume of €26.7bn, the German real estate investment market had its strongest opening quarter of all time in 1Q20, according to (...)
German property investment reached almost €43.4bn in the first nine months of 2019, with €18.5bn in 3Q19 alone, and looks set to hit a (...)
The boom in German real estate is coming to an end but favourable conditions will continue in 2019, says adviser Savills - predicting only a slight (...)
German commercial property investment is heading for another strong 2018 after more than €25bn changed hands in first half, international advisers agree. But investors (...)