INVESTMENT MARKETS REMAIN ON TRACK WITH RECORD
The high level of market activity on the residential investment markets continued in the third quarter. With a nationwide investment volume of a good €21.4 billion, a new record turnover was set for the first three quarters and the already good result of the previous year was exceeded by more than 37%. The ten-year average was even topped by an impressive 70%. Thus, the German housing markets continue to present themselves more or less unimpressed by the effects of the Corona pandemic. Investors remain convinced of a positive development of the markets, especially in the large conurbations. This statement is also underlined by the largest deal in the current year so far: for around €5 billion, Heimstaden Bostad took over the German residential portfolios of Akelius in Berlin and Hamburg with a total of a good 17,600 residential units. Against the background of the local political conditions in the capital, this is quite a remarkable transaction. In total, more than 270 sales have been recorded so far in the first three quarters, of which 33 sales were in the three-digit million range.