WEAKEST START TO THE YEAR SINCE 2010
The German commercial real estate investment market had its weakest start into the new year since 2010. The total registered investment volume was only about €5.1 billion. A comparison with the previous year's record from the first quarter of 2022 of €19.7 billion (-74%) is almost impossible due to the fundamentally changed conditions on the financial and occupier markets, although a long-term perspective also highlights the significantly below-average performance. The current result is 56.5% below the 10-year average and is on a par with the years 2010 to 2012, when the market was still clearly overshadowed by the global financial crisis.
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