ONLY MODERATE TRANSACTION ACTIVITY IN Q3
The Stuttgart investment market again failed to show any sustained recovery in the course of the third quarter. After the first nine months of the year, the transaction volume was only €561 million, representing a year-on-year decline of 48% and a drop of around 47% on the long-term average. However, the state capital of Baden-Württemberg is certainly not isolated in this regard. The market is currently characterized across all regions by the challenging financing environment and the overall economic situation. Compared with the other A-cities, Stuttgart is in second-last place in terms of the volume invested, but has seen the smallest percentage decline compared with previous years. The sale of the Calwer Passage in the second quarter is by far the largest and only registered transaction in the triple-digit million range on the Stuttgart investment market in the year to date. Meanwhile, no transactions of properties within larger portfolios have yet been registered, which means that the entire result is based on single deals.