At a Glance Q4 2023

Investment market Cologne

Investmentmarkt Köln


The relatively weak development of turnover in Cologne's investment market continued in the final quarter. As in the other major locations, the usual year-end rally was absent in the Cologne market, although there was a slight upturn in transactions in the last three months. With a transaction volume of €609 million, the previous year's result was missed by 46% and marked the weakest performance in the last ten years. The ten-year average was even undercut by a good two-thirds. The mix of high interest rates, a slowing economy and a decline in supply due to lower prices also had a negative impact. The price phase, which lasted throughout the year, led to almost no high-quality core supply and no major transactions. As a result, Cologne ranks last among Germany's prime locations. In relative terms, Cologne is in a comparatively good position with a decline of 'only' 46%. All other cities recorded higher losses in turnover.

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