Berlin, September 15, 2016 – In 2015, 135,052 apartments were sold in major German cities (up 5.0 percent). Sales revenue rose even more sharply to 28.5 billion euros (up 14.6 percent). On average, an apartment changed hands for 211,371 euros (up 9.1 percent). These figures are taken from the latest ACCENTRO Homeownership Report 2016, which analyzes data from appraisal committees for the 82 largest German housing markets. These include eleven housing markets in the new federal states (excluding Berlin), where a total of 14,149 condominiums were sold in the 2015 reporting year—14.1 percent more than in the previous year (12,406 units). Sales rose even more sharply, by 26.4 percent, to a total of 2.2 billion euros (2014: 1.8 billion euros). “The housing markets in major cities in eastern Germany have performed strongly, building on the positive trend of the previous year. Few experts had anticipated such a significant increase in sales,” says Jacopo Mingazzini, CEO of ACCENTRO Real Estate AG.
Leipzig and Dresden: Market Leaders Come from Saxony
The condominium markets in Leipzig and Dresden show by far the highest sales figures among East German cities in the ACCENTRO Homeownership Report 2015. In Leipzig, the number of condominiums sold rose by 20.3 percent to 5,112 units during the reporting year. This makes Leipzig the first East German city after Berlin to surpass the 5,000-unit threshold. In the nationwide ranking, Leipzig takes fifth place. Dresden also ranks among the leaders, coming in seventh. “Leipzig and Dresden are by no means newcomers to the top rankings in the report. Even though both cities have lost some ground compared to the other top locations, they remain among the most active housing markets in Germany,” says Mingazzini.
Potsdam Reports Highest Sales Growth in the New Federal States
Potsdam is one of the surprise winners in this year’s ACCENTRO Homeownership Report. Berlin’s small neighboring city showed strong growth in the new-construction segment, with an 88.1 percent increase. Sales also rose more sharply than in any other major city in eastern Germany, climbing 74.7 percent to 274.1 million euros. The sales price per apartment rose by 23.0 percent. As a result, an apartment in Potsdam costs an average of 249,608 euros. This demonstrates that the areas surrounding Berlin are benefiting significantly from the capital’s appeal.
About the ACCENTRO Homeownership Report
This marks the ninth time that ACCENTRO Real Estate AG has published the Homeownership Report. The analysis is based on homeownership transactions during the reporting year in all 82 major German cities. By drawing on data from appraisal committees, the report differs significantly from similar publications, which are usually based on expert estimates or the analysis of listing data.
About ACCENTRO Real Estate AG
ACCENTRO Real Estate AG is a residential real estate investor and the market leader in residential privatization in Germany. As of December 31, 2020, its real estate portfolio comprised approximately 5,200 units. In addition to Berlin, its regional focus includes major East German cities and metropolitan areas, as well as the Rhine-Ruhr metropolitan region and Bavaria. ACCENTRO’s business activities encompass four core areas. These include the tenant-oriented sale of apartments to owner-occupiers and private investors, the sale of real estate portfolios to institutional investors, the development and management of its own real estate portfolio, and the marketing of apartments for property owners, investors, and project developers. The shares of ACCENTRO Real Estate AG are listed on the Prime Standard segment of the Frankfurt Stock Exchange (WKN: A0KFKB, ISIN: DE000A0KFKB3). investors.accentro.de
Investor Relations Contact:
Thomas Eisenlohr
ACCENTRO Real Estate AG
Kantstraße 44/45
10625 Berlin
Email: eisenlohr@accentro.de
Phone: +49 (0)30 88 71 81 272