Towards the close of the year the market for investment in Hamburg’s commercial properties gathered some momentum, but there was no end-of-year rally in the classic sense. The total transaction volume of €2.2bn was some 69 % higher than the weak figure posted in the previous year. Nevertheless, the total traded was well below the ten-year average of €3.9bn. Prime yields have now stabilized and the process of price adjustment appears to be more or less complete. “In many areas the relationship between interest rates and prices is now in equilibrium, leading to an increased number of [%] attractive opportunities to invest in Germany. In view of this, we have observed that many investors are now acting with greater confidence,” says Andreas Rehberg, spokesperson for the Management Board of Grossmann & Berger Immobilien, a member of German Property Partners (GPP). Looking ahead in 2025 Rehberg says that, “the anticipated changes in interest rates send a positive signal to investors. The moderate upswing is therefore expected to continue in 2025 and, starting from a low base, the number of transactions should increase.”
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