At a Glance Q4 2022

Investment market Munich

Investmentmarkt München


The transaction volume in Munich amounted to just under €4.3 billion, missing the very good result of the previous year by almost 45% and the ten-year average by 31%. Of all German
A-locations, only Cologne recorded a larger decline in 2022. The Bavarian capital has been particularly affected by the rise in financing costs, which is reflected in this result. As the most expensive location in Germany on an average basis, the difference between the seller's and buyer's expectations of purchase prices is in many cases wider than in other cities, making the pricing process more difficult. In addition, in 2022 the contribution of portfolio segment is noticeably lower than usual at only 7%. For this reason, it is not surprising that Munich merely ranks in the midfield nationally, taking fourth place after Berlin, Frankfurt and Hamburg. However, that Munich continues to be one of the most attractive locations is shown by the number of prominent major transactions that have taken place; incidentally, also in the difficult fourth quarter. The most important deals include the sale of the Olympia Business Center and the Brienner Campus brokered by BNPPRE. 

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