BERLIN RANKS SECOND NATIONWIDE
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The persistently challenging market environment is also noticeable on the Berlin investment market in the first quarter of 2024. As on the other German investment markets, the consolidation phase appears to be ongoing. With a transaction volume of around €457 million, the result was around 65% lower than in the prior-year period as well as around 72% below the long-term average (Ø 10 years: €1.6 billion).'
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In a nationwide comparison, the German capital was displaced by the very strong Munich investment market (€1.28 billion) from first place (2019-2023) to second place but was able to maintain its position ahead of the Hamburg investment market (€376 million).
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The weak result in Berlin compared to previous years is primarily due to the low transaction volume in the office segment (€85 million, -90% compared to the average for 10 years) and the low volume in the retail segment, which was very strong in the previous year (€45 million, -72% compared to the same quarter of the previous year).
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Compared to Q4 2023, the prime yields remain unchanged in each case, which indicates stabilization and an advanced consolidation phase.