Ongoing market monitoring Residential Office Retail Logistics / Corporate Real Estate Hotel / Leisure

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
 

 

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