STILL AIR TO THE TOP
In the first quarter, the Munich investment market must pay some tribute to the year-end rally and the very good turnover of recent years. Due to the limited availability of an offer, the transaction volume of 617 million € was extremely low by Munich standards and represents the weakest result of the last seven years. At the same time, the number of transactions recorded more than halved compared to the previous year. Although a comparison with the fable record of 2.65 billion € set in the same period last year is out of the question, the ten-year average was also missed by almost 39 %. One of the reasons for this situation is the share of larger deals, which has so far been dispro-portionately low. In the first three months, only one sale in the three-digit million range was registered, which is rather atypical for Munich. The fact that the Bavarian state capital is in good company with the supply bottleneck is shown by the fact that it still ranks third among the major German investment locations behind Berlin and Stuttgart.
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