Chart of the MonthThe fundamentals for the German housing market remain positive. However, it is hardly possible for investors to obtain inflation protection any more. The 5 % Study 2022 shows how different market opportunities and returns are
Chart of the MonthIt has become crowded in the metropolises, building land is scarce and expensive. No wonder that construction activities have increasingly shifted to the surrounding areas. In Frankfurt, almost every second square metre is built outside of the centre; at the same time, plans for flats have declined by 26 % since 2021. This is shown by the current assessment of the Development Monitor
Chart of the MonthAcross Germany, the market for project developments is under scrutiny. Nevertheless, the project development volume in the Ruhr region will increase by around 7 % between 2020 and 2022 - and the pipelines are still full.
Chart of the MonthIn the seven class A cities, the project volume now amounts to only 46.2 million sqm. This corresponds to a decline of 3.6 per cent compared to the first Corona year 2020. Trading development in particular is on the decline, while portfolio holders continue to build and plan diligently.
Chart of the MonthHow are retail vacancies developing? We have looked at the established retail locations in the metropolises of Berlin, Hamburg, Frankfurt, Munich and Cologne. We regularly survey the retail stock there and thus also the vacancy rate. The analysis shows: Vacancy rates have increased most significantly in the top retail locations.
Chart of the MonthShare deals are politically controversial, as no real estate transfer tax is payable on the purchase of large real estate portfolios. According to our off-market study for HPBA, about six out of ten transactions take the form of a share deal
Chart of the MonthThe general conditions on the capital market have not changed significantly in 2021. Private and institutional capital is still looking for risk-adequate investment opportunities. German commercial real estate thus remained in high demand in 2021.