INVESTMENT ACTIVITY STILL SUBDUED
At the end of the third quarter of 2019, the transaction volume in Leipzig amounted to €458 million, 12% below the previous year's result. At the same time, the 5-year average was missed by almost 32%. This result is mainly based on two circumstances: Firstly, in contrast to the strong investment years 2015 to 2017, in which more than 50 deals were counted up to the end of the third quarter, only about 36 deals have been concluded so far. On the other hand, there are still no large-volume transactions that would have been necessary for a higher overall result. This development can mainly be explained by the bottleneck on the supply side, as the current high price level indicates an unbroken strong investor interest in Leipzig properties. Should a corresponding offer come onto the market in the next few quarters, it can therefore be assumed that investors will mobilise quickly and that further deals will be concluded.
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