Business Immo, the real estate website

Matthias Pink

Director - Head of Research Germany

Savills

Broker / Property management

Last update April 16, 2020 | Report an error

Jan-Philipe Fischer

Director National Investment Germany - Head of Berlin Office

Martin Kern

Senior Consultant Research

Karsten Nemecek

Managing Director, Corporate Finance & Valuation

Matti Schenk

Associate Research

Fabian Sperber

Associate Research

Retail

Germany : commercial investment market - Q4 2017

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 (...)

Housing

Germany : residential investment market - Q4 2017

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 (...)

Investment

Germany : Investment Market monthly - December 2017

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 (...)

Office

Germany : office markets - Q4 2017

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 (...)

Investment

Outlook for the German real estate market - December 2017

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 (...)

Investment

Germany : Investment Market monthly - November 2017

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 (...)

Investment

Germany : Investment Market monthly - October 2017

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 (...)

Investment

French investment in Germany - September 2017

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, (...)

Retail

Germany : Commercial investment market - Q3 2017

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 (...)

Office

Germany : Office markets - Q3 2017

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 (...)

Investment

Germany : Investment Market monthly - September 2017

Prime yields may have reached the low point - and remain there for a long - time.  Commercial investment market Although German commercial real estate (...)

Housing

Germany : Residential investment market - Q3 2017

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 (...)

Logistics

Germany : logistics and industrial investment market - Q2 2017

The acquisition of the Logicor portfolio by CIC has been by far the largest European real estate transaction of the current year. The German (...)

Retail

Germany - Restaurant expansion in shopping centres: path to success or a wrong turn?

People are eating away from home with increasing regularity. Many shopping centres are responding to this appetite for eating out with a larger restaurant (...)

Investment

Germany : Investment Market monthly - July 2017

The entry of Asian investors into the market has been mooted for a long time. However, only this year have Asians actually become direct (...)

Green

The German forestry market - July 2017

Forests account for the second largest land use in Germany behind agriculture. Around a third of the surface area of Germany is covered with (...)

Investment

Germany : Investment Market monthly - June 2017

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 (...)

Retail

Germany commercial investment market - Q2 2017

Commercial property changed hands for a total of more than €26bn in the first half of the year (Graph 1, Tab. 1). Only in (...)

Housing

Germany residential investment market - Q2 2017

Even the rental cap and other housing policy interventions are evidently unable to diminish investors’ interest in German residential property. The transaction volume in (...)

Office

Germany office markets - Q2 2017

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 (...)

Housing

Student housing Germany

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 (...)

Investment

Germany : Investment Market monthly - May 2017

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 (...)

Investment

Germany : Investment Market monthly - April 2017

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, (...)

Retail

Germany commercial investment market - Q1 2017

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 (...)

Investment

Outlook for the German real estate market in 2017

Finding property will be even more challenging for investors and occupiers alike in 2017. With further initial yield compression likely to be no more (...)

Investment

Germany : Investment Market monthly - October 2016

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 (...)

Innovation

Office of the future? A comparative study of the office of tomorrow from the perspective of Generations X & Y

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 (...)

Investment

Germany : Investment Market monthly - September 2016

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 (...)

Office

Germany : office investment market - Q3 2016

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 (...)

Office

Germany : office investment market - Q3 2016

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

Germany : logistics and industrial investment market - Q3 2016

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 (...)

Retail

Germany commercial investment market - Q3 2016

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 (...)

Housing

Germany : residential investment market - Q3 2016

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 (...)

Retail

Germany : retail investment market - Q3 2016

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 (...)

Health / Senior

Nursing homes market Frankfurt am Main - September 2016

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, (...)

Investment

Germany : Investment Market monthly - August 2016

The transaction volume for commercial property in the first half of 2016 totalled approximately €18bn. However, while the high demand for real estate continues (...)

Health / Senior

Germany : Nursing homes market - 2016

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 (...)

Investment

Germany : Investment Market monthly - July 2016

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

Germany : Three reasons why office rents will continue to rise - July 2016

Office rents in the top six cities have risen continuously since 2004 with the exception of 2009, the year following the financial crisis. We (...)

Office

Germany office markets - Q2 2016

In the major German office markets, office space is becoming a rare commodity. Availability across the top six office markets at the end of (...)

Office

Germany : office investment market - Q2 2016

While office property was one of the few segments in the investment market to register increased transaction volume in the first quarter of the (...)

Logistics

Germany : logistics and industrial investment market - Q2 2016

The investment market for logistics and industrial property is witnessing sustained high levels of demand from investors, which shows no signs of abating. Accordingly, (...)

Retail

Germany : commercial investment market - Q2 2016

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 (...)

Investment

Germnay : Investment Market monthly - June 2016

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 (...)

Retail

Germany : retail investment market - Q2 2016

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, (...)

Housing

Germany : residential investment market - Q2 2016

The era of large transactions in the German residential investment market finally appears to be over. Over the last 12 months, residential property changed (...)

Investment

Germany : Investment Market monthly - May 2016

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

Germany office markets - Q1 2016

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 (...)

Retail

Germany retail investment market - Q1 2016

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 (...)

Housing

Germany residential investment markets - Q1 2016

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

Germany office investment markets - Q1 2016

Office property was among the winners in the German commercial investment market in the first quarter of 2016. The transaction volume for office properties (...)

Logistics

Germany logistics and industrial investment markets - Q1 2016

Including German logistics and industrial property in investment portfolios will remain an attractive strategy for investors in 2016. One reason for this is that (...)

Retail

Germany commercial investment markets - Q1 2016

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 (...)

Investment

Germany investment Market monthly - April 2016

The Brexit referendum, global economic concerns and political crises are among the many potential triggers for a summer of turbulence in the capital markets. (...)

Investment

Germany investment Market monthly - March 2016

The transaction volume in both the commercial and residential property markets fell by doubledigit percentages in the first quarter of 2016 compared to the (...)

Housing

Germany residential investment market - February 2016

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 (...)

Investment

Germany investment - February 2016

The strong fundamentals of Germany on the one hand and global risks on the other hand, combined with the continued extremely low interest rates (...)

Office

Germany Offices - February 2016

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 (...)

Investment

Germany investment Market monthly - February 2016

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 (...)

Office

Germany Offices - February 2016

The six largest office letting markets in Germany are enjoying an uptrend characterised by growing demand, rising rents and declining vacancy rates. On the (...)

Investment

Germany investment Market monthly - January 2016

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, (...)

Investment

Outlook: German real estate market in 2016

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 (...)

Investment

Germany : Investment Market monthly - November 2015

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 (...)

Investment

Germany : Investment Market monthly - September 2015

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 (...)

Retail

Germany retail investment market - Q3 2015

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 (...)

Investment

Germany investment markets - Q3 2015

The rally in the German commercial investment market continued in the third quarter of the year. More than €56bn was invested in commercial property (...)

Office

Germany office markets - Q3 2015

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 (...)

Investment

Germany : Investment Market monthly - August 2015

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 (...)

Investment

Germany : Investment Market monthly - July 2015

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 (...)

Housing

Student housing - Part 4: The Change

In our previous briefing notes of this series, we highlighted the lack of affordable apartments for students, particularly in the large (university) cities, owing (...)

Housing

Student housing Germany - July 2015

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 (...)

Investment

Germany : Investment Market monthly - June 2015

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 (...)

Housing

Student housing - Part 3: The overbuilding

As discussed in the second part of our series of publications on student accommodation, the building stock of privately operated student accommodation in the (...)

Housing

Student housing - Part 2: The construction boom

As discussed in the first part of our series of publications on student accommodation, the fact that rental growth in many university cities is (...)

Retail

Germany retail investment market - Q2 2015

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 (...)

Investment

Germany : Investment Market monthly - May 2015

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 (...)

Housing

Student housing - Part 1: The squeeze

Have you ever asked yourself what differentiates a student apartment from a "normal" apartment? The (private) student apartment providers would probably list the following (...)

Investment

Germany : Investment Market monthly - April 2015

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 (...)

Investment

Germany : Investment Market monthly - March 2015

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 (...)

Office

Germany office markets - Q1 2015

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 (...)

Investment

Germany investment markets - Q1 2015

The upturn in the German real estate investment market continues. Investment in residential and commercial property in the first quarter of 2015 totalled approximately (...)

Investment

Investment Market monthly Germany

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 (...)

Investment

Germany

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 (...)

Office

Germany offices

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

Germany investment markets - Q4 2014

Investment in German commercial property totalled almost €40bn in 2014. This represents an increase of 27% on the previous year; itself a very strong (...)

Office

Germany office markets - Q4 2014

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 (...)

Investment

German real estate market in 2015

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. (...)

Investment

Germany investment markets - Q3 2014

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 (...)

Office

Germany office markets - Q2 2014

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

Germany investment markets - Q2 2014

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 (...)

Investment

Germany investment markets - Q1 2014

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 (...)

Office

Germany office markets - Q1 2014

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, (...)

Investment

A strong March finished a sensational first quarter

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) (...)

Housing

Germany residential portfolio market

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 (...)

Office

Germany offices

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 (...)

Investment

Germany investment

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 (...)

Investment

German real estate market : Four themes for 2014

There are already a number of identifiable trends that will shape the German real estate market in 2014. Here, we summarise our expectations in (...)

Investment

Germany Investment - H1 2013

The heightening economic divergence in Europe is also being reflected with increasing intensity in real estate investment markets. While transaction volumes declined in many (...)

Housing

Germany Residential Portfolio market - H1 2013

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 (...)

Office

Germany offices

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 (...)

Finance

Covid-19 pandemic to end Germany’s ten-year CRE investment upswing - Savills

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 (...)

Finance

German property investment, at €43bn in first 9mths, 2019 set for record

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 (...)

Finance

German RE boom over but favourable conditions to continue in 2019 - Savills

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 (...)

Finance

German CRE investment heads for strong 2018 after €25bn+ in 1H - agents

German commercial property investment is heading for another strong 2018 after more than €25bn changed hands in first half, international advisers agree. But investors (...)