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 last year (-0.7%).
The number of units transacted fell by 18% to around 89,000, with just one transaction of more than 20,000 units in theGBW deal.
The market did become on the whole wider, however, with the total number of transactions rising by 40% to 89.
Berlin continues to top the list of most popular investment locations. The German capital accounted for some 13% of all units transacted. Munich and Dortmund were some way behind, each accounting for 7%, followed by Duisburg (5%) and Düsseldorf (3%).
With a number of larger portfolios of over €100m still being marketed, the €10bn mark would appear realistic for the year as a whole. Transaction volumes should also remain above average in the long term.
Source : Savills