Residential investments reach all-time high after three quarters

01/10/2015

Never before has more residential property been sold in Germany than during this year, and that in just the first three quarters. According to Dr. Lübke & Kelber, around €19bn were invested from January to September, significantly exceeding the record year of 2005. During Q3, though, the amount was only around €2.4bn – compared to €10bn in Q1 and €6bn in Q2. The record result for three quarters was due mainly to large transactions and takeovers. During the first nine months, 71% of the around 310,500 apartments sold were in transactions of more than 5,000 units. The takeovers by Vonovia and Adler Real Estate alone comprised 60% of all sales. With the planned takeover of LEG by Deutsche Wohnen, the consultant firm said it expected that the volume by year’s end could in fact climb to over €27bn.


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