RESTRAINED MARKET ACTIVITY
At the end of the third quarter, the Düsseldorf investment market still recorded a solid result, but one that was noticeably below average in a long-term comparison. The currently registered transaction volume of a good €1.4 billion corresponds to a minus of 19% compared to the 10-year average. The result from the same period of the previous year was even undercut by 41.5%, although it must be put into perspective that this was the second-best volume ever registered in Düsseldorf. One of the reasons for the rather weak performance recently is the lack of available core properties in the state capital. Nevertheless, the average transaction volume of around €34 million is still above average in a long-term comparison. The number of transactions, however, is significantly lower than in previous years.