DIFFICULT ENVIRONMENT CONTINUES TO BURDEN
In the second quarter, the commercial investment markets were again largely determined by the changed financing conditions and the difficult overall economic environment. In total, only just under € 9.8 billion was invested in commercial real estate and development properties in the first half of the year. Compared to the exceptionally good period of the previous year, the decline amounts to almost 68%, even if this comparison is hardly meaningful due to the changed conditions. However, the fact that at the same time the 10-year average was undercut by 57% underlines the current situation of the markets. The transaction volume in the first half of the year is thus roughly at the level of the years shortly after the financial crisis.