INVESTMENT VOLUME SLIGHTLY BELOW PREVIOUS YEAR'S QUARTER
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An investment volume of around €76 million was registered on the Leipzig market in the first three months of 2024. The challenging market environment across Germany was also reflected in Leipzig's result, which was around 63% below the long-term average, but only 12% below the previous year's quarterly result. As expected, the start to the year in Leipzig, as on the top investment markets, was therefore subdued. The difficult financing environment, the fact that the pricing phase has not yet been fully completed and the geopolitical and macroeconomic uncertainties continue to make investors cautious.
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However, Leipzig has the highest transaction volume of the B-cities analysed, which underlines the continued high level of investor interest in the location and confidence in Leipzig’s occupier markets.
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The weak result compared to previous years is due in particular to the low transaction volumes in the office segment (€6 million, -91% compared to the 10-year average) and in the retail segment (€12 million, -77% compared to the 10-year average).
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Compared to the fourth quarter of 2023, the prime yields remain unchanged in each case, which indicates stabilisation and an advanced consolidation phase.