Transaction volumes show immediate effect of lost small deals – The Property Chronicle
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Transaction volumes show immediate effect of lost small deals

Residential Investor

The effects of the COVID-19 pandemic on German real estate began to be quantifiable in April, according to new figures released by property advisor Savills, and based on research provided by Bulwiengesa. 

While investors transacted noticeably less small residential and commercial property deals, distortion effects mean it could take a while to measure how big the slump in major transactions has been. The data relates to Germany’s Big 7 cities only.

According to Savills, total April transaction volume for residential and commercial was about €2.3bn, or more than a halving of the usual volume on a ten-year comparison. Conspicuous is the volume of sub €25m transactions, which has fallen by a fifth year-on-year. Deals between €25m and €100m have declined by 10%.

Residential Investor

About Charles Kingston

Charles Kingston is the Publisher and Editor-in-Chief of REFIRE, a specialist newsletter and website focused on German real estate for institutional investors. Based in Berlin, he has lived in Germany for 30 years, and can look back on a varied career including stints working for the Financial Times, the DeAgostini Group, the Toronto Globe and Mail, and as a proprietary derivatives trader. A native Dubliner, he graduated with a degree in Business from University College Dublin, and subsequently pursued post-graduate studies in real estate finance at the University of Middlesex.

Articles by Charles Kingston

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