Investment volume in Top 7 up by 20%, GPP reports
The transaction volume in the commercial investment markets of the German top 7 cities increased by 20% to roughly €11bn during the first half of the year, according to figures released by the brokerage association German Property Partners (GPP). Berlin attracted the most capital, with revenue increasing by 34 % to €2.55bn. Munich follows close behind (+21 % to €2.42bn). The largest plus of 135 % to €1bn was recorded in Cologne. Hamburg and Stuttgart saw declining transaction volumes, while Düsseldorf and Frankfurt increased by 39 and 35 %. Yields continued to dip to values between 3.3 % in Munich and 3.8 % in Cologne in the office segment. The limited supply continues to trouble the core segment market. Despite the high volume of the first half year, it is unlikely that the peak values of 2015 and 2016 will be reached, GPP projects.
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