INVESTMENT VOLUME INCREASED SIGNIFICANTLY, LARGE-SCALE DEALS WITH HIGH MARKET SHARE
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The Düsseldorf investment market also recorded relatively stable transaction volumes in the second quarter, resulting in a clear upward trend overall in the first half of the year. This positive development is also reflected in the increased transaction volume, which totalled €655 million in the first six months.
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This represents a year-on-year increase of 42%, which is slightly higher than the national average. However, this positive development should not obscure the fact that the ten-year average was still missed by around 40%. At the same time, however, it should be noted that the result is roughly on a par with 2016, which also indicates a gradual but sustained recovery on the investment markets.
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With this overall positive development, the Rhine metropolis is in line with the trend among major German cities. Furthermore, the transaction volume achieved places it very favourably in fourth place in a nationwide comparison of major investment locations, surpassed only by Berlin, Munich and Frankfurt.
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As in all other major locations, prime yields continued to stabilise in the second quarter of the year as expected, leading to no changes. The net initial yields for office buildings remain at 4.50%. Prime yields for logistics properties are slightly lower at 4.25%. For mixed-use highstreet properties with focus on retail, yields of 3.95% are still to be expected.