INVESTMENT MARKET UNIMPRESSED BY CORONA CRISIS
The Hamburg investment market recorded a transaction volume of € 3.78 billion in the first three quarters, the third-best result ever achieved. Only the years 2007 and 2018 saw a higher investment volume. Seemingly unimpressed by the Corona crisis, the Hanseatic City is up 36% on the previous year and also outperforms the ten-year average by an impressive 44%. With the exception of Düsseldorf (+27%), all other A-locations are reporting declines of between 11% and 40%. Nevertheless, the sales volume throughout Germany is almost at the same level as in the previous year (-3%). In the current environment, the Hamburg market is once again picking up considerably with an impressive quarterly result of € 1.6 billion - after almost € 1 billion in the second quarter. Portfolio deals again made a significant contribution to the volume, accounting for around 30%. However, at € 2.63 billion, individual transactions were also almost a quarter above the long-term average.
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