CLEARLY AT THE TOP DESPITE STRONG DECLINE
Even though, as expected, the Berlin investment market was unable to match the previous year's result due to the ongoing price discovery phase at mid-year, the city still clearly outperforms the other top markets in the city ranking. The decline of about 55% in volume is relatively moderate in comparison to other A-cities (-68% on average). In addition, despite the challenging macroeconomic conditions, the German capital achieved a transaction volume of over €2 billion, a level that none of the other major investment markets can match (Munich ranked second with €719 million). The entire result is based on single transactions, which are only 21% below their average figure, although the number of deals is around 59% lower than in the previous year. The Berlin market has benefited so far this year from a number of large share deals, such as the KaDeWe and the two office projects Mynd and BEAM.