German transaction volume to beat 20 billion euro mark in 2012

German transaction volume to beat 20 billion euro mark in 2012

International real estate advisor "Savills" predicts transaction volumes for Germany’s commercial real estate market will exceed 20 000 000 000 in 2012 with continued strong demand from both domestic and foreign investors.

Overall almost half of Germany’s 2011 total transaction volume was invested in the leading five markets of Frankfurt, Berlin, Hamburg, Düsseldorf and Munich. Due to several large-volume deals Frankfurt led the way generating a single asset transaction volume of over 2 300 000 000, making up 14% of the total German transaction volume.

The share of foreign buyers was approximately one third in 2011. The second half of 2011 saw a notable increase in investment activity from insurance companies, pension funds and property companies.

Source: http://www.europe-re.com/system/main.php?pageid=2616&articleid=19516