The investment volume with larger residential portfolios (from 30 residential units) amounted to just under 4.4 billion € in the first quarter of 2019. Compared to the exceptional result in the same period of the previous year, this represents almost a halving. However, a look at past years helps to better classify the result: Compared with the last decade, the start of the year was slightly above the average (+4 %), and in a long-term comparison up to 2005 the result even exceeded the long-term average by almost a quarter. While in the previous year alone the takeover of the
Austrian Buwog by Vonovia and its German stocks alone benefited the result with more than 2.7 billion €, so far significantly fewer large-volume contracts have been registered. A total of more than 60 deals with more than 30,000 housing units were included in the analysis. The average price per sale was around 70 million €, well below the previous year's figure (-27 %).
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