Offices, warehouses, hotels and shops valued at 30.8 billion euros changed hands in Germany in 2013. This was the highest level since 2007, as buyers sought to take advantage of low interest rates and sellers benefitted from rising prices.
Commercial property transactions increased by 21 per cent in comparison to 2012, when 25.6 billion euros changed hands, according to BNP Paribas Real Estate.
The surge in commercial deals reflects the country’s positive economic outlook, as German investor confidence has increased to its highest level in seven years.
This is, in part, due to the news that manufacturing output is growing at its fastest pace in more than two years.
Offices made up 44 per cent of the total deals, a 2.2 per cent increase over last year. Logistics made up 9 per cent, 2.1 per cent more than in 2012.
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