in the 1st quarter of 2026, according to Savills, around 620 million euros were turned over on the Hamburg real estate investment market. Compared to the same period last year, this corresponds to a decrease of 8%. Compared to the 10-year average, sales were even 42% lower. In the last twelve months, Savills has registered about 60 transactions, which is an increase of 24% compared to the same period last year. Prime yields for offices and commercial buildings were 4.2% and 4.3% respectively at the end of April, unchanged from the previous quarter. Compared to the previous year's figure, the prime yield for commercial buildings remained unchanged, while it fell by 10 basis points for offices.
Jörn Roock, Director Investment at Savills in Hamburg, comments on the market as follows: "The Hamburg investment market started the year with high pitch activity and numerous property valuations in the core segment. Family offices remain the largest potential buyer group in this market segment. The market for core-plus and value-add properties is much more difficult, where the price expectations of buyers and sellers often diverge or financial feasibility becomes a central hurdle. The fact that individual marketing processes drag on over a very long period of time underlines the continuing high complexity of transactions in the current market environment."
With a transaction volume of EUR 740 million, office properties have contributed the most to investment turnover in the last twelve months, followed by residential properties* (approx. EUR 540 million) and retail properties (approx. EUR 380 million).
* Only properties with at least 20 residential units
Supplementary charts and data related to this press release can be found in our online real estate investment market dashboard.
