Is a real estate crisis imminent? Problems in the office market are also affecting Germany. Rising interest rates, inflation and falling real estate prices are possible reasons for the dramatic development.
In 2023, according to data from BNP Paribas Real Estate, the investment volume for office properties in Germany totaled just under six billion euros - a decrease of 73 percent compared to 2022. The trend towards home offices could have a major impact on developments in the European commercial real estate market. Since the corona pandemic, many offices have been empty, especially in the USA, and interest rates have risen sharply.