Hamburg: average yield for residential buildings under 4%, for offices under 5%
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.
Subscribers to our premium service have access to this article in full as well as to an additional 510,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.
TD Premium is Germany’s leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.