Hamburg: average yield for residential buildings under 4%, for offices under 5%

21/06/2019

In 2018, office and commercial buildings in Hamburg were sold at an average multiplier of of 22.4, up from 17.7 in 2017. The average net rent multiplier for apartment buildings is even higher, rising this year to 25.3, from 23.6. These figures, presented in the city’s real estate market report, are based on notarized purchase agreements and prices. The total number of land lots, apartments and houses sold rose by about 300 to around 12,400. Cash turnover grew by around 10% to around €12.1bn, offsetting the previous year’s decline.


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