Trading in micro homes is growing strongly

In the first half of this year, more than 1.6 billion euros have been invested in student dormitories and micro-apartment buildings built or planned in Germany. The brokerage house CBRE reports, according to which the value corresponds to a plus compared to the same period last year of 224%.

By comparison, the number of flats sold and their living space has risen less sharply: About 8,800 units (+ 110%) with 277,000 m² of living space (+ 118%) have changed hands according to CBRE. That should be an indication that the prices for micro have increased significantly. According to the brokerage house, most of the money was spent on the five micro-housing projects that Corestate acquired via a forward deal for a fund launched by the Bayerische Versorgungskammer (BVK). Corestate announced in the course of that, that the value of the houses after completion will amount to a total of 670 million euros. In second place on the transaction list, CBRE sells four student housing units to British Global Student Accommodation (GSA) and its partner, the Sovereign Savings Bank of Singapore (GIC), for € 330 million.

CBRE sees the prime yield at an average 3.75%. Especially for existing properties in good locations is a significant return loss - 50 basis points compared to the same period last year - to determine, it is said to be observed in forward deals "not to this extent".

With his forecast for the full year, Konstantin Lüttger, head of the residential investment division at CBRE Germany, does not go far out of the window. He expects a transaction volume of "above the two-billion-euro mark" for 2018. The 1.6 billion euro transaction volume registered for the first half of the year corresponds to a share of 15% of the total volume of transactions in the housing market (10.6 billion euro) determined by CBRE.

(Sourche: Immobilienzeitung)