UPWARD TREND CONTINUES: YEAR-END RALLY ENSURES STRONG FINAL QUARTER
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The upward trend on the Hamburg investment market not only continued in the fourth quarter, but also accelerated. In total, the commercial investment volume amounted to just under €2.3 billion, which corresponds to growth of 79% - and therefore significantly higher than the nationwide figure of 15% compared to 2023.
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More than half of the result (almost €1.3 billion) was generated in the final quarter, meaning that Hamburg's investment market enjoyed a real year-end rally. No other location can boast such a high volume in the final quarter. At the same time, it is the highest quarterly result in Hamburg since the interest rate turnaround in 2022.
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In the nationwide ranking, Hamburg is in third place behind Berlin (€3.6 billion) and Munich (€2.7 billion). Although the 10-year average was missed by 43%, this is a comparatively good result in the current market environment. Among the A-locations, only Cologne can boast a lower deficit (-40%).
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The investment volume of foreign investors has increased significantly. After just 16.5% in the previous year, their share amounted to 42.7% in 2024.
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Prime yields have continued to consolidate at the level achieved. Accordingly, net initial yields for office buildings are at 4.25%. Prime yields for logistics properties remain at the same level. For inner-city high street properties, yields remain at 3.75%.