Real estate market report 2021/2020

+++ NEWS ++++ 2021 - Another good year despite Corona +++ NEWS +++ 

The current record numbers for 2020 have been announced. 

Despite Covid 19, 2020 met its high expectations, with a transaction volume of € 78.6 billion in 2020, with a slight decrease of 14% compared to the previous year 2019, which resulted in a transaction volume of € 91.3 billion . €uro previously reached. 

From 2020 to 2023, Trend Investment real estate will focus on residential real estate, residential and commercial buildings / mixed with retail and clearly on logistics real estate in the top 7 cities due to increased online trading.  

# Short report KI - Kreth Immobilien Medien 01/2021

#Market Report Hotels 2020 / - 60%

# Market report annual report 2020 in the hotel sector 

In 2020, a transaction volume of EUR 1.3 billion was achieved with a decrease of -60% compared to the previous year 2019. Foreign investors achieved a transaction volume of 44%. Downward trend.


2020 = 1.3  Mrd. €uro

2019 =  5.0 Mrd. €uro

2018 = 4.0 Mrd. €uro

2017 = 4.2 Mrd. €uro


• Up to 100 million €uro = 23.9 % 

• From 50 - 99 million €uro = 28.1 % 

• From 25 - 49 million €uro = 23.6 % 

• From 10 - 24 million €uro = 16.8 % 

• Less than 9 million €uro = 7.6 %


Hotel Investments 2020 in the most popular top 7 cities: 

1st place   = Berlin = - 24% 

2nd place = Munich = - 36% 

3rd place = Hamburg = + 14% <<<< 

4th place = Düsseldorf = -68% 

5th place = Frankfurt = - 89% 

6th place = Cologne = - 88% 

7th place = Stuttgart = - 76%



Buyer groups place 1 - 8 

1st place = Immobilien AG`s = 22% 

2nd place = special fund = 21.1% 

3rd place = asset manager = 11.2% 

4th place = private investors = 9.3% 

5th place = insurance = 8.4% 

6th place = project developer = 8.0% 

7th place = family office = 6.3% 

8th place = remaining investors = 13.7%  


report KI - Kreth real estate Medien 2021

#Market Report Retail 2020/ + 4% 

# Market report annual report 2020 in the retail sector. 

Retail properties achieved a transaction volume of € 12.3 billion in 2020, with 2020 recording a + of 4% despite the corona crisis; in contrast to the previous year 2019, there was a transaction volume of around € 10.1 billion.


Transaction volume per year / €uro: 

2020 = 12.3 billion euros 

2019 = 10.1 billion euros 

2018 = 9.8 billion euros 

2017 = 12.0 billion euros


1st place = 57.4% specialty stores / supermarkets and discounters with 7th billion €uro transaction volume 

2nd place = 18.5% department stores 

3rd place = 13.5% commercial buildings 

4th place = 10.6% shopping center


The average prime yield in Berlin and Munich in 2020 was 2.8%, in Hamburg 3.0%, compared to the previous year 2019 it was 2.75%. volume_upcontent_copyshare.


The top 7 - A cities had dropped 22% in retail, only Hamburg performs better in 2020 than in 2019 compared to the previous year at € 695 million.

1st place    = Berlin        = 1.5 billion euros 

2nd place = Munich      = 890 million euros

3rd place = Hamburg    = 695 million euros

4th place = Stuttgart      = 175 million euros 

5th place = Düsseldorf =  155 million euros 

6th place = Frankfurt      = 111 million euros

7th place = Cologne       =  10 million euros


The top 8 buyer groups in 2020 were:

1st place   = special fund = 20.8% 

2nd place = asset manager = 20.1% 

3rd place = Equity / Real estate funds = 15% 

4th place = Real estate AG`s = 10.5% 

5th place = sovereign wealth fund = 6.5% 

6th place = project developer = 6.3% 

7th place = private investors = 3.3% 

8th place = remaining investors = 17.5% 



# Brief report KI - Kreth real estate media 2021

#Market report commercial real estate 2020 / office - 36% / logistics + 5.5% 

# Office and logistics real estate annual report 2020.

The transaction volume for office real estate in 2020 was € 24.6 billion, which corresponds to a market share of 40%. Compared to the previous year 2019 a - of 36% was recorded. The market share for logistics real estate was 13%. Compared to the previous year 2019, a plus of 5.5% was recorded in 2020, the transaction volume here was € 7.9 billion.


Office real estate 2020: 

The top 7 locations in 2020 for office real estate were: 

Place 1 - 7: 

1. Berlin       = 5 billion €uro 

2. Frankfurt = 4.7 billion euro 

3. Hamburg = 3.1 billion euro + 7% compared to the previous year 2019 

4. Düsseldorf 

5. Munich    = € 2.7 billion euro

6. Stuttgart 

7. Cologne



Transaction volume in ASSET classes 2020 - market share: 

1st place with 40% office 

2nd place with 20% retail 

3rd place with 13% logistics


Office investments buyer groups in 2020: 

1st place = special fund = 24% 

2nd place = insurance = 14.6% 

3rd place = Immobilien AG`s = 14.5 

4th place = asset manager = 13.6% 

5th place = pension funds = 6% 

6th place = family office = 4.4% 

7th place = real estate company = 4.4% 

8th place = remaining 18.5%  



Transaction volume 2020 in % / market share: 

1st place = up to € 100 million = 66.7% 

2nd place = 50 - 99 million € uro = 14.3% 

3rd place = 25 - 49 million € uro = 10.2% 

4th place = € 24 - 10 million = 6.9% 

5th place = less than € 10 million = 1.9%


The peak returns in 2020 in Berlin and Munich amounted to 2.55%, Cologne to 2.95% and in Hamburg the return was slightly higher. 


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Logistics real estate in 2020: The focus of logistics investments in 2020 was clearly on the food sector and e-commerce and the rest was distributed to the automotive sector. volume_upcontent_copyshare.


The top 8 locations 2020 in sales and % market share were: 

1st place = Berlin = 2.6 billion €uro = + 39% 

2nd place = Munich = € 440 million uro = - 1% 

3rd place = Hamburg = € 384 million = + record reached 

4th place = Frankfurt = 344 million euros = - 26% 

5th place = Stuttgart = € 165 million uro = + 36% 

6th place = Cologne = 112 million euros = + 4% 

7th place = Leipzig = € 65 million = - 53% 

8th place = Düsseldorf = € 41 million = - 71% volume_upcontent_copyshare


According to size classes in million euros: 

1st place = up to € 100 million = 49.9% 

2nd place = 99 - 50 million € uro = 17.7% 

3rd place = € 49- € 25 million = 14.9% 

4th place = 24 - 10 million euro = 12.5% 

5th place = less than € 10 million = 5.0%


Buyer groups in 2020 were: 

1st place = special fund = 35.1% 

2nd place = asset manager = 20.1% 

3rd place = insurance = 10.5% 

4th place = open funds = 8.2% 

5th place = Immobilien AG`s = 5.7% 

6th place = Equity real estate funds = 5.3% 

7th place = corporate partner = 4.4% 8th place = remaining = 10.7%  


Buyer groups by country: 

1st place = Germany = 54.9% 

2nd place = Europe = 22.2% 

3rd place = North America = 14.6% 

4th place = Asia = 3.7% 

5th place = Middle East = 0.7% 

6th place = remaining = 3.9% 


Forecast trend for 2021 in logistics real estate is rising sharply.  

# Brief report KI - Kreth real estate media 2021

#Market Report Residential Real Estate 2020 / + 7% 

In 2020, a transaction volume of € 20.8 billion was achieved in the residential property sector. In contrast to the previous year 2019, there was a + of 7% on the transaction market despite Corona. In 2019, a transaction volume of around € 19.5 billion was achieved. 


• Forecast for 2021: 

• The trend is rising / Existing portfolios of 30 units or more are still in demand 

• Construction projects / development projects are still in short supply.


Investments by asset class in%: 

1st place with 58% existing properties 

2nd place with 15.1% projects 

3rd place with 11.1% older properties 

4th place with 4.5% modern existing properties 

5th place with approx. 11.3% remaining


Investments in asset classes / € uro with% market share in 2020: 

Less than 10 million = 3.8% 

up to 10 million = 11.0% 

up to 25 million = 13.2%

 up to 50 million = 11.5% 

up to 100 million = 60.5%  


Investment according to buyer groups 

1st to 8th place 

1st place = 44.0% = Immobilien AG`s 

2nd place = 15.6% = special fund 

3rd place = 11.6% = asset manager 

4th place = 6.7% = real estate company 

5th place = 4.6% = pension funds 

6th place = 4.5% = Equity Real Estate Funds 

7th place = 4.2% = public sector 

8th place = 8.8% = remaining  


The investment buyer groups in 2020 were: 

1st place = 50.1% = Germany 

2nd place = 30.3% = Middle East 

3rd place = 15.3% = Europe 

4th place = 3.6% = North America 

5th place = 0.7% = other  


The following transaction volume could be registered in the A cities: 

1st place = Berlin = € 3.9 billion 

2nd place = Frankfurt = € 1.3 billion

3rd place = Hamburg = € 1.0 billion 

4th place = Munich = € 628 million 

5th place = Düsseldorf = € 575 million 

6th place = Cologne = € 307 million 

7th place = Stuttgart = € 30 million 



# Brief report KI - Kreth real estate media 2021


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