INVESTMENT VOLUME DOUBLED COMPARED TO 2023
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Around €2.7 billion was invested on the Munich investment market in 2024. Although this means that the transaction volume is still around 52% below the long-term average, the previous year's result was doubled. The Bavarian capital thus recorded the strongest recovery among the top markets compared to the previous year.
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The retail segment made a significant contribution to the comparatively solid investment result. With the sale of the 5 Höfe, Maximilianstrasse 12-14 and the Pasing Arcaden, three major transactions well above the €100 million mark were attributable to properties with a significant retail component. Particularly in a market that is currently rather fragmented, these large-volume deals are a signal that the consolidation phase is continuing and that investors have confidence in the Munich investment market.
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However, there is still a lack of large-volume deals in the office segment in particular to achieve an investment volume in line with the long-term average. At just under €500 million, the investment volume here was around 86% below the ten-year average (Ø10 years: €3.52 billion).
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As expected, prime yields are still in the stabilization phase. A constant 4.20% is set for office properties, making Munich the most expensive office location in Germany. While logistics properties are yielding 4.25%, high street properties in prime locations are quoted at 3.45%.