In the 2nd quarter of 2024 players in Berlin’s market for investments in commercial properties continued to proceed with caution. The transaction volume of €1.2bn fell 38 % short of the prior year’s total. During the year to date only a small number of big-ticket trades have been noted. “In the second half year the volume of transactions in both the core and value-add segments of the market could increase, but a noticeable market revival is not expected before 2025. Yields would appear to have levelled out, next year they could contract slightly,” says Andreas Rehberg, spokesperson for the management board of Grossmann & Berger Immobilien, member of German Property Partners (GPP). “We are confident that foreign investors will continue to play a positive role in the Berlin market. And in view of the fact that potential buyers are looking at some Signa properties, we believe that a realistic total result for the year lies between 3.5 and 4 billion euros,” concludes Stefan Olsson, head of Investment Berlin for Grossmann & Berger Immobilien.
The Market survey Investment Berlin 2024/Q1-2 will soon be available to download from our website.
