Real Estate
Germany’s Stumbling Economy Stalls Property Market Recovery
- Real estate deal volumes in 2024 remain below expectations
- 2025 transactions projected between €40 billion to €42 billion
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A deteriorating economic outlook thwarted the up-tick in German real estate transactions investors had hoped for at the beginning of the year, real estate broker Jones Lang LaSalle Inc. said.
The total volume of German property deals will likely rise to €35 billion ($36.7 billion) by the end of 2024, an increase of around 10% from the year before, data published by JLL on Tuesday shows. Still, that’s well below the €40 billion in transactions originally projected for the full year.