RELATIVELY STABLE SALES IN THE SECOND QUARTER
With a total transaction volume of €833 million, the Stuttgart market once again recorded a very good result for the first six months, only 15% below the record figure set in the same period of the previous year. This was made even further clear by the fact that the ten-year average was exceeded by 35%. €635 million of total turnover was generated in the city area and around €197 million in the surrounding area. It is particularly noteworthy that Stuttgart, unlike most other cities, achieved a strong result in the second quarter and the direct impact of lockdown measures were hardly noticeable. The third-best result in the last ten years, at just under €400 million, was achieved between April and June. It should also be noted that only €52 million from portfolio sales were included in the result. This figure is also significantly lower than in the other major cities. The sale of the first office building of the Wissenscampus in Weilimdorf, currently under construction and acquired by HanseMerkur Versicherung, is the most prominent completion.
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