Prices remain at a high level
Prices remain at a high level
The price level in the prime office locations of the German real estate strongholds remains high. This according to the Victor Prime Office indicator by JLL. The indicator has reached 185.4 points across the five cities studied, marking a new high. At the same time, performance growth slowed. In the second quarter of 2018, it was 0.8 percent. In the first quarter, it was still 1.8 percent, in the fourth quarter of 2017 even 4.1 percent. The researchers only observed price increases in Düsseldorf, Munich and Berlin.
The moderate price increase in the capital is due to rising market rents, according to JLL. In the Berlin top locations Charlottenburg (1A), Mitte (1A), Potsdamer Platz and Leipziger Platz, the researchers recorded a slight performance improvement of one percent to 200.7 points.