€ 10 BILLION REACHED DESPITE SLOWDOWN IN THE MARKET
The changing financing environment and the continuing tense economic conditions have resulted in the German residential investment market being significantly more subdued than in previous years by the end of the third quarter of 2022. In the first nine months of the year, a good €10.2 billion was invested in larger residential portfolios (30 residential units or more) nationwide. This means that the long-term average was missed by about one fifth and the record result of 2021 by more than half. At €3.14 billion, the volume in the past three months was only slightly above the result of the second quarter (€3.05 billion) and thus falls short of the quarterly average of the last five years by about 50 %.