The 5 % Study 2023 - where it still pays off to invest
For the 5 % Study 2022, bulwiengesa once again examined the potential returns (IRR) on the German real estate markets.
The most important results:
- Potential refurbishment expense weighs on yields of many existing buildings
- Yields on residential real estate increased only slightly - hardly any protection against inflation in A-markets
- Investments in smaller office markets often uneconomical
- Pricing not yet completed
- Yields for logistics properties well above 4%.
The 5% Study has been offering a compact market overview since 2015 and provides a new approach to describing real estate markets. It examines the performance expectations of the most important asset classes that currently dominate the German investment market:
- Residential
- Office
- Shopping centers and retail parks
- Hotel
- Logistics real estate
- Micro apartments
- Corporate real estate
- Assisted living
Note: The study was presented at different locations and discussed with different experts; a webinar took place on 26.10.2023.
Contact persons:
Sven Carstensen
carstensen@bulwiengesa.de
Tel. +49 30 27 87 68 0
and
Anna Wolfgarten
wolfgarten@bulwiengesa.de
Tel. +49 89 23 23 76 48
You might also be interested in
For our magazine, we have summarized relevant topics, often based on our studies, analyses and projects, and prepared them in a reader-friendly way. This guarantees a quick overview of the latest news from the real estate industry.
Valuation for corporate insolvencies
In turbulent times, more companies than ever are facing insolvency. According to our data alone, this affects around 400 project developments and countless existing properties. Ideally, valuations for insolvency administrations show more than the actual valueChart of the month December: The country needs new care properties
Many care homes are no longer up to date - no one wants "care centres" any more, and building standards have changed fundamentally. Therefore, when planning the care infrastructure, not only the additional need for care places, but also the need for substitution must be taken into account.Chart of the month November: Top offices are still in demand
Office vacancies are increasing in the seven class A cities. According to classic economic theory, rents should therefore be falling. But our quarterly figures show: Prime rents are still risingInteresting publications
Here you will find studies and analyses, some of which we have prepared on behalf of customers or on our own initiative based on our data and market expertise. You can download and read many of them free of charge here.