Grossmann & Berger Immobilien - Homepage
  • Residential
    • Finding property
      • Property search
      • Renting a property
      • Buying property
      • New build property
      • Capital investment
      • Premium property
      • Holiday Property
    • Offering a property
      • Selling property
      • Renting out property
      • Selling premium property
      • Copied Partial sales of real estate
  • Commercial
    • Finding property
      • Property search
      • Office/practice space
      • Gastronomy/retail space
      • Industrial/logistics space
      • Commercial investment
      • Buying land
    • Offering a property
      • Office/practice space
      • Gastronomy/retail space
      • Industrial/logistics space
      • Commercial Investment
      • Selling land
  • Capital investment
    • Finding property
      • Apartment buildings/blocks
      • Rented apartments
      • Holiday Property
      • Serviced living
      • Commercial investment
    • Offering a property
      • Apartment buildings/blocks
      • Commercial Investment
  • Well informed
    • Market reports and price trends
    • News
    • Property Research
  • Company
    • About Grossmann & Berger Immobilien
    • Grossmann & Berger Gruppe
    • Other services
    • Team
    • Partners
    • Locations
    • News
  • Contact
  • de
  • en
Sprache
  • de
  • en
  • Residential
    • Finding property
      • Property search
      • Renting a property
      • Buying property
      • New build property
      • Capital investment
      • Premium property
      • Holiday Property
    • Offering a property
      • Selling property
      • Renting out property
      • Selling premium property
      • Copied Partial sales of real estate
  • Commercial
    • Finding property
      • Property search
      • Office/practice space
      • Gastronomy/retail space
      • Industrial/logistics space
      • Commercial investment
      • Buying land
    • Offering a property
      • Office/practice space
      • Gastronomy/retail space
      • Industrial/logistics space
      • Commercial Investment
      • Selling land
  • Capital investment
    • Finding property
      • Apartment buildings/blocks
      • Rented apartments
      • Holiday Property
      • Serviced living
      • Commercial investment
    • Offering a property
      • Apartment buildings/blocks
      • Commercial Investment
  • Well informed
    • Market reports and price trends
    • News
    • Property Research
  • Company
    • About Grossmann & Berger Immobilien
    • Grossmann & Berger Gruppe
    • Other services
    • Team
    • Partners
    • Locations
    • News
  • Contact
  1. Company
  2. News
  3. Investment market Hamburg 3q2023

Investment market Hamburg 3Q2023

Market proving slow to recover


Press release | Hamburg
29.09.2023

Investors in commercial properties located in Hamburg are still reluctant to commit to trades. By the end of the 3rd quarter the volume of transactions totalled some €730m, and was thus about 81 % below the result for the same period the year before. However, these figures had been inflated by outlier trades. Nevertheless, year on year about a third fewer transactions were completed and big-ticket trades remained the exception. Frank-D. Albers, managing director of Grossmann & Berger, member of German Property Partners (GPP), comments that, “The overall conditions for investment in commercial real estate have barely altered in the third quarter. We shall have to wait before we see a market recovery; as was suspected, players are still in the process of price discovery.” Albers predicts that, “In addition to the volatility of interest rates, market players are primarily concerned with the question of when the investment business will return to normal. In a cyclical market we expect that next year we shall at least see some progress towards a recovery. Here, however, Germany’s overall economic development will play a crucial role.”

Investment market Hamburg in detail:  

Note: The small number of transactions limits the information value of a detailed analysis.

  • As in the previous quarter, the public sector was the most active group of buyers. Their share of the total transaction volume was around 38 %. This is attributable to the City of Hamburg’s purchase of the large treasury building and of Office 3001. Private investors bought some 17 % of the total traded. Properties purchased included an office and commercial block on Neuer Wall. Fund and asset managers ranked in third place with around 14 % of the transaction volume. In terms of groups of sellers, private investors also played an appreciable role. Here they accounted for some 29 % of the volume traded.

  • Almost half of the volume traded (48 %) was real estate located in the City sub-market. Even discounting the purchases made by the City of Hamburg, in which case private investors become the most active group of buyers, the largest share of sales was noted in the City.

  • Prime yields continued to rise on all asset classes. However, interest rate growth is still a few steps ahead of yields. Due to the low number of transactions, the yield estimates are of limited information value.

An overview of the top deals and all relevant market figures can be found in the press release for download.   

The Market report property investment in Hamburg 2023/Q1-3 will soon be available to download from our website.


Downloads

  • tav hamburg 2023 q3 (JPG)
  • Pr investment market hamburg 3q2023 (docx)

Central Marketing

Katharina Koester

Marketingreferent/-in Kommunikation

Headquarters in Hamburg City
Tel.: +49 40 350802-988
Contact request
040-350 80 20
Contact request
Locations
Cookie settings
  • Grossmann & Berger
    • Legal notice
    • Privacy
    • Accessibility Statement
    • Disclaimer

Follow us:

ImmoScout24-Bewertung sehr gut
ImmoScout24 Experte seit 2009