SUBDUED START TO THE YEAR
Like all other major investment locations, the Stuttgart investment market has had to pay tribute to the very good results of the previous year and the uncertainty still prevailing in large parts of the market regarding the further development of the Corona pandemic. With a transaction volume of €248 million, a moderate start to the year in a long-term comparison can be reported. Compared with the first quarter of 2020, when the effects of the pandemic were not felt until March, this represents a decline of just under 43%, and the long-term average is also missed by a good quarter. The main reason for the relatively modest result is an insufficient supply of investment properties. This applies in particular to large-volume deals in the triple-digit million range, which generally have a strong impact on investment volumes. In the first quarter of the current year, not a single deal was registered in this category. The number of sales transacted is also noticeably lower than in recent years.
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