RESIDENTIAL INVESTMENT MARKET REMAINS ROBUST
What was already widely announced at the beginning of the Corona pandemic was largely confirmed by the end of the third quarter: Compared to other asset classes, the residential investment market has proven to be extremely crisis resistant. With an investment volume in larger residential portfolios (30 residential units and more) of a good € 16.6 billion, the market grew by almost 23% compared with the same period in the previous year and even achieved the second-best result ever recorded. Although the strong overall performance was boosted by the acquisition of Adler Real Estate by Ado Properties in the first quarter, which accounts for just over a third of total investment volume, the high importance of major deals is not a special feature of the current year. Even the record result from 2015, for example, was only made possible by the Gagfah deal. If the investment volume is broken down into the individual quarters, it becomes clear that with a good € 3.3 billion in Q2 and € 4 billion in Q3, the figures are clearly above average in a long-term comparison.
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