DAHLER Invest is further expanding its investment real estate business in Hanover. The investment division is the responsibility of the long-standing DAHLER licensees and managing directors Insa Sophia Cornelius (58) and Jörn Fischer (60), who have been managing the Hannover City and Hannover Nord locations since 2003 and are thus among the first DAHLER licensees. Fischer also contributes his many years of experience in the successful brokerage of residential and commercial buildings. With the addition of DAHLER Invest, this know-how will now be specifically integrated into the nationwide investment structure and the focus on apartment buildings as well as residential and commercial buildings will be further strengthened.
As the capital of Lower Saxony, Hanover is characterized by a comparatively stable real estate market. Due to the severe destruction of the city in the Second World War, the supply of classic old buildings is limited. Therefore, modernized, older apartment buildings and new buildings in particular characterize the market. On the buyer side, institutional and semi-professional investors dominate demand for larger investment properties.
“Hanover is an established and comparatively stable investment location. After the significant price increases, especially between 2015 and 2018, and the subsequent correction, we are currently seeing a sideways movement,” says Insa Sophia Cornelius, Head of DAHLER Invest Hannover. “Investors are particularly interested in modernised apartment buildings, where the purchase price, rental income and property quality are in a balanced relationship. Thanks to our long-standing presence, we know the local market and can now combine this experience even more closely with DAHLER’s Germany-wide investment network.”
Cornelius and Fischer bring extensive professional experience to the joint real estate business. Cornelius began her career as a real estate agent in Mallorca and then worked in Hamburg. Parallel to her professional activity, she completed further training as a real estate specialist. Fischer studied business administration and computer science and worked as a management consultant. In addition, he was active as an entrepreneur with his own boatyard, where he manufactured sports rowing boats and repaired other sports boats.
“The investment market in Hanover is strongly influenced by long-term market participants. Especially in an environment in which purchase prices have stabilised after the correction, a close look at the individual property and its earnings prospects is becoming increasingly important,” says Jörn Fischer, Head of DAHLER Invest Hannover. “Our many years of local market knowledge and access to DAHLER Invest’s supra-regional network complement each other very well. In this way, we can connect both owners and prospective buyers beyond the local market.”
The price development in Hanover has taken place in several phases in recent years. After the real estate market initially showed catch-up potential compared to other major German cities, there were significant price increases, especially between 2015 and 2018. After the Corona pandemic, purchase prices fell again. Cornelius and Fischer are currently observing a sideways movement. In addition to the location, investors are thus focusing more on the quality and level of modernisation of the property as well as the sustainably achievable rental income.
