At a Glance Q3 2023

Residential investment market Germany

Wohn-Investmentmarkt Deutschland


After the end of the third quarter of 2023, the investment volume amounted to only around € 3.92 billion. Consequently, the weakest first nine months since 2010 were recorded. Thus, no significant revival on the German residential investment market could be observed in the third quarter either. Regulatory uncertainties as well as the availability and cost of debt and equity continue to determine market activity. This has contributed to a strong restraint and cautious attitude of investors as well as to the postponement or cancellation of projects. Thus, the price-finding and consolidation phase on the housing markets continues. The residential investment market has also lacked large-volume transactions with lighthouse character so far this year as a signal for a clear market revival, although new players are increasingly looking at entering the market.

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