QUIET START TO THE YEAR
After the Hamburg investment market had already set a new record at the start of the previous year and was still able to grow considerably in the second half of the year, the first three months of 2019 developed much more calmly. With a transaction volume of 500 million €, the Hanseatic City achieved a result more than half as low as in 2018 and remains around 28 % below the ten-year average. This rather quiet start to the year is primarily attributable to the numerous sales concluded in the previous year, with few current transactions slipping into the new year. The unbroken high demand is therefore not yet reflected in corresponding volumes. A very similar development can be observed at other locations, in particular Frankfurt (502 million €) and Munich (617 million €). In addition, the very low share of portfolio deals nationwide is also noticeable in the Hanseatic City: no portfolio sales with Hamburg participation have been recorded so far. The average volume per deal fell significantly again compared with the previous year (45 million €) and amounted to 22 million €.
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