At a Glance Q1 2023

Residential investment market Germany

Wohn-Investmentmarkt Deutschland

WEAK START TO THE YEAR 2023

In the first three months of 2023, the investment volume in larger residential portfolios (30 residential units or more) amounted to only around €1.15 billion, the weakest first quarter since 2011. The residential investment markets have carried the weak momentum from 2022 into the new year. The changed economic conditions, the interest rate turnaround with the resulting sharp rise in financing costs and the jump in inflation have left their mark on the financial markets and also put the otherwise so resilient German residential investment market into a new pricing phase. Furthermore, there are often significant price differences between purchase and sale requests. Large-volume transactions could therefore hardly be realised.

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