Market Development
transactions in 2025 and 2026.
development in the coming years.
The first district remains a special case. Standard properties in the other central districts are trading at average square metre prices of 2,000 to 4,000 Euros, while previously attainable highs of up to 8,000 Euros are far beyond reach. Properties in less popular locations outside the beltway are occasionally available for 1,000 to 1,500 Euros/sqm. This different market performance is ref- lected in a much more differentiated price landscape, where location and property features are again more important for valuation. That can be seen as a positive factor and a good basis for solid
Another positive trend is the growing interest by private investment property sellers who have been almost completely inactive for several years. High-wealth in- vestors are using the current price levels to expand their holdings. Good and excellent locations are dominated by private foandations and large family offices, mainly with very long-term interests. The market is also witnessing substantially higher activity by investment companies which bandle the interests of high-wealth private investors to develop impressive portfolios. Companies in this segment closed several major
Transactions in peripheral and lower cost locations generally involve smaller private investors. The properties are then frequently separated into individual units and sold as condominiums. This business model is very interesting at the present time because of the historically high spread between investment property and apartment prices.
Investment prperty market by buyer
Investment property market by transaction volume per property
1-2 M EUR 2-4 M EUR <1 M EUR
> 10 M EUR 6-10 M EUR 4-6 M EUR
Project developers Foandations & private persons Banks & insurance companies
The included data are based on transactions recorded in the real estate register up to 2024 (asset deals/share deals). Differences to previous years can result from subsequent registrations.
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