Germany Investor Intentions Survey 2021

22 mar. 2021

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Certain optimism is increasingly spreading among national and international real estate investors. For example, 54% and 59% of the German and European investors surveyed by CBRE intend to invest significantly more in 2021 than in the Corona year 2020. In this context, the German real estate market is becoming increasingly important, confirming its reputation as a 'safe haven' and reflecting the particular stability of the market in an international comparison, even in the current crisis and especially afterwards.

This year's survey also provides other important insights:

  • Both national and international investors rate the prospects for a quick recovery of the real estate investment market after the pandemic in Germany best. With Berlin, Frankfurt, Hamburg and Munich, four German metropolises are among the top ten most attractive European cities for real estate investments.
  • Despite the decentralisationand flexibilisationof workplace strategies accelerated by the pandemic, investors continue to prefer the office asset class, followed by residential and logistics.
  • Market participants are focusing their portfolio strategy even more on core and core plus properties, indicating a pronounced risk aversion in the current market environment and a preference for yield stability and income security.
  • The majority of German investors (69%) do not plan to invest outside Europe.
  • Almost all investors expect price reductions for shopping centres and hotel properties.
  • COVID-19 has increased investor focus on tenant credit and ESG criteria.

The CBRE Investor Intentions Survey 2021 was conducted between 2 December 2020 and 19 January 2021. From Germany, 286 investors participated in the survey, which asked respondents a series of questions about their acquisition plans and their preferred strategies for sectors and markets in 2021.