At a Glance Q4 2023

Investment market Munich

Investmentmarkt München


By the end of the year, there was no sustained trend reversal in transaction activity observed on either the national or Munich investment market. Munich's investment volume totalled just over €1.3 billion, which is well below the previous year's result   (-69%) and the long-term average (-77%). However, it is worth noting that Munich ended 2023 as the second-best A-location behind Berlin (around €3.2 billion) and just ahead of Hamburg and Frankfurt. Although the financial market-driven adaptation processes continue to have a significant impact on the Munich market, the city remains in a favourable position compared to other locations. Additionally, it is encouraging that most deals were completed in the fourth quarter of the year. While this has not yet been significantly reflected in transactions, it is nevertheless an indication of investors' increasing confidence in the stabilising conditions. Overall, single transactions generated almost the entire volume at around €1.3 billion.

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