PRODUCT SHORTAGE SLOWS MARKET IN THE FIRST QUARTER
In the first quarter, the Frankfurt investment market pays tribute to the record year 2018 and, above all, the year-end rally. Due to the fact that many large transactions were concluded shortly before the end of the year, there was virtually no overhang for the first quarter. Against this background, the investment turn-over of 502 million € is modest by Frankfurt standards and represents the weakest first quarter of the last eight years. Compared to the record level set in the previous year, the volume declined by a good 67 %. The ten-year average is also clearly missed. The main reason for this is the fact that no major deal has yet been concluded in the three-digit million range, i.e. the market segment in which Frankfurt usually sets the tone nationwide. By way of comparison, these sales alone generated a volume of over 800 million € in the prior-year period, more than in the first
quarter of 2019 as a whole. So it is not surprising that Frankfurt currently ranks only fourth behind Berlin, Stuttgart and Munich in a nationwide comparison.
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