According to Savills, around 1.1 billion euros were turned over in the Hamburg real estate investment market in the 1st half of 2026. Compared to the same period last year, this corresponds to an increase of 18%. Compared to the 10-year average, sales were 40% lower. In the last twelve months, Savills has registered just under 60 transactions, an increase of 45% compared to the same period last year. The prime yield for offices stood at 4.2% at the end of June, unchanged from the previous quarter and 10 basis points below the previous year's figure. The prime yield for commercial buildings was 4.3%, unchanged from the previous quarter and the previous year.
Jörn Roock, Director Investment at Savills in Hamburg, comments on the market as follows: "There were only a few marketing launches and completed sales in the second quarter – but with the Alsterhaus, one of Hamburg's most prominent properties found a buyer. Many market participants are concentrating on the many ongoing transaction processes, some of which have been dragging on for an unusually long time. The highest probability of concluding a deal continues to be found in high-quality properties in central locations – family offices are still keen to buy here. Properties with long-term secured rental income are also in demand, provided that the seller's asking price matches the current market level. All in all, every successful conclusion remains a hard piece of work for everyone involved."
With a transaction volume of EUR 790 million, office properties have contributed the most to investment turnover in Hamburg in the last twelve months, followed by residential properties* (approx. EUR 510 million) and retail properties (approx. EUR 380 million).
* Only properties with at least 20 residential units
