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Strong growth on the German investment market: 15 % plus in 2024
Find out in our current market report about developments in the German investment markets in the third quarter of 2024. With total sales of EUR 23.9 billion and an increase of around 15 % compared to the previous year, the positive trend continues. The A locations and the living investment market are particularly strong. Read more about the effects of the interest turn and expectations for the upcoming quarters.
Strong growth on the German investment market: 15 % plus in 2024
The investment markets in Germany are in an exciting upward trend! In the first three quarters of 2024, a spectacular turnover with commercial properties was achieved: lush 17.9 billion euros - that is almost 15 % more than in the previous year! A masterpiece that shines in the large A locations: Here the sales rose disproportionately!
These booming numbers are no coincidence! While the total volume in the German market even increases to almost 23.9 billion euros, the living investment market with an impressive increase of 50 % (almost 5.9 billion euros) makes a particularly remarkable contribution. A result of the result that exceeds the expectations of all investment professionals - and that in the face of a still challenging economy!
positive developments despite the economic headwind
Marcus Zorn, the CEO of BNP Paribas Real Estate Germany, explains: "The recovery of the investment markets cannot be overlooked!" There are almost 800 registered sales cases - this is a plus of a fifth compared to the previous year. Despite the pessimistic forecasts regarding a possible zero growth or minimal decline in GDP, investors seem to be optimistic and continue to invest hard. "The mood in the A locations is recovering," said Zorn enthusiastically.
But what drives investors? The answer is obvious: the turning point! The European Central Bank reduced the important deposit rate to 3.5 % and inflation in Germany fell to only 1.6 % in September. Nico Keller, Deputy CEO of BNP Paribas Real Estate Germany, notes that the financing conditions could continue to improve in the next quarters and should therefore increase the willingness to invest.
retail leads the ranking
Retail remains undisputed in the fast lane: With a transaction volume of 4.9 billion euros, retail objects keep over 27 % of total sales! Approaches play a major role here and the big city objects are more in demand than ever, which is reflected in the impressive sales figures.
But the logistics segment has also secured its place! With 4.4 billion euros and an increase of 20 %, it shows a strong comeback. Above all, larger portfolio transactions have caused an update. This is a clear sign of the returning trust of the investors!
And what about the office objects? Well, the situation is mixed. With 3.6 billion euros, they had to accept a decline compared to the previous year. Many investors are unsure about future demand. Even if the office market attracts something, the question remains how the economic situation will develop.
An interesting turn can also be seen in the hotel properties: investments rose by a whopping 73 % compared to the previous year! An impressive signal for relaxation in the tourism sector!
Investors look just as internationally: A good 38 % of the total volume with commercial real estate is eliminated for foreign investors. Your interest slowly increases again, which is a positive signal for the markets.
The A locations are true winners: Berlin, Munich and Frankfurt are the leaders with sales increases of up to almost 60 %. Especially the KaDeWe in Berlin, sells to the Thai Central Group, is a real eye -catcher!
The returns? You remain stable! The top returns for office objects and logistics are unchanged, which continues to attract investors. The market remains in motion and it remains exciting how the developments will develop in the upcoming quarters!