NEW RECORD SALES THANKS TO STRONG FIRST QUARTER
Record turnover of more than €18.5 billion was set in the first quarter, strongly boosted by portfolio sales and acquisitions (such as TLG by Aroundtown). A new record of around €29.4 billion was also achieved in the first half of the year, a significant increase on the previous year's figure. If one only considers the second quarter, which was severely affected by the Corona pandemic and the interim lockdown, it shows a drop of 19%. This clearly reflects the extensive nature of restrictions during the lockdown, such as the virtual impossibility of visits or more difficult financing conditions. However, it is also clear that there is no question of investment markets coming to a standstill. Many investors continue to believe in German real estate and that once the pandemic has been overcome or can be controlled with drugs and vaccines, positive trends will continue.
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