Germany’s residential portfolio transaction market saw a significant boost in Q1 2012 when compared to the previous quarter and to Q1 2011.Total transaction volumes and the number of transacted units sold showed 232% and 222% rises respectively.
Karsten Nemecek, Savills Managing Director of Corporate Finance, says: "For the first time since 2007 residential packages of 10 000 units and more are being sold again to a significant extent. 2012 is set to be the year for big deals."
In terms of the wider market, over three quarters of the transactions comprised less than 300 units in Q1 2012. At 2 920 000 000 euros the Q1 2012 investment volume total already amounts to 60% of the 2011 full year investment volume of 4 800 000 000. In 2012 Savills expects a total of 6 000 000 000 euros will be exceeded.
Nemecek continues: "The market for portfolios below 1 000 residential units is likely to see continuous low activity albeit rising completions of residential developments will lead to a slight revival of this market."
Source: http://www.savills.com/_news/newsitem.aspx?intSitePageId=105347&intNewsSitePageId=119321-0&intNewsMonth=04&intNewsYear=2012