• Supply shortage curbs the transaction volume
  • Commercial investment volume of €23.6bn in the first half year
  • Only the retail segment delivers a higher transaction volume year on year
  • Berlin stands out from other markets – higher investment volume than the sum total of Frankfurt and Munich
  • Supply shortage behind significant decline in portfolio deals
  • Ongoing yield compression – average prime yield for office properties in the Top 7 markets drops to 3.09%
  • Outlook: year-end result unlikely to repeat the 2018 record