Press Release

12th ACCENTRO Homeownership Report – Sales Slowing while Turnover Remains Stable at 2.44 Billion Euros in Rhine-Main Metro Region

30.

September 2019

Berlin, 30. September 2019 – The revenues total achieved in the Rhine-Main region, which includes the cities of Frankfurt am Main, Wiesbaden, Mainz, Darmstadt and Offenbach, added up to 2.44 billion euros in 2018. This implies a modest one-year decline of 0.90 percent since 2017 (2.46 billion euros). At the same time, the number of sales transactions also declined slightly. After 7,316 flats sold in 2017, the sales total of 2018 was down to 7,177 units, which equals a 1.9-percent decrease. “What caused the modest drop in turnover was the supply shortage on the homeownership markets in the Rhine-Main region,” explained Jacopo Mingazzini, CEO of ACCENTRO Real Estate AG. These are some of the findings of the new 2019 ACCENTRO Homeownership Report that is based on the analysed data of property valuation committees of the 82 largest housing markets in Germany.  

Rise in Condominium Sales in Frankfurt am Main

Sales in Frankfurt am Main showed a modest upward trend. The sales total of 3,556 flats in 2017 rose to 3,619 in 2018. This implies an increase by 1.77 percent year on year. The only other city among Germany’s “Big Seven” cities that also registered an increase was Hamburg, whereas sales in the other cities of this group slowed down. In the Rhine-Main metro region, sales dropped by 1.46 percent from 1,230 to 1,212 units in Wiesbaden and by 8.66 percent from 1,317 to 1,203 units in Mainz. The number of sales also declined in Darmstadt (-7.85 %) and Offenbach (-3.83 %).  

Sharp Drop in Sales of New-Build Units in All of the Five Cities

Sales of newly constructed residential units has slowed in all cities of the Rhine-Main metro region. Hardest hit with a drop by 38.21 percent is Darmstadt – only 131 new-build units were sold here in 2018, down from 212 in 2017. Overall, the number of flats that changed hands in 2018 came to 2,164 flats, the majority thereof (1,343 flats) in Frankfurt. This is down from 2,844 units in 2017 (thereof 1,704 in Frankfurt).  

About the ACCENTRO Homeownership Report

This year’s edition marks the twelfth time that ACCENTRO Real Estate AG published its Homeownership Report. The analysis is based on residential property sales transacted in all of Germany’s 82 major cities during the reporting year of 2018. A significant distinction that sets the report apart from similar publications, most of which rely on expert appraisals or on analyses of supply-side data, is that it draws on the data of the cities’ property valuation committees. Detailed findings of the ACCENTRO Homeownership Report on Germany’s ten most populous cities and the trends of the past eleven years are also available online in the ACCENTRO database, and can be retrieved in the form of selective drilldowns: Home Ownership Report

About ACCENTRO Real Estate AG

ACCENTRO Real Estate AG is a residential property investor and Germany’s market leader in housing privatisations. Its real estate portfolio consisted of around 5,200 units as of 31 December 2020. In addition to Berlin, regional focal points include East German cities and conurbations, as well as the Rhine-Ruhr metro region and Bavaria. The business activity of ACCENTRO comprises four core divisions. These are the tenant-sensitive retailing of condominiums to owner-occupiers and private buy-to-let investors, the sale of real estate portfolios to institutional investors, the set-up and management of a proprietary real estate portfolio, and third-party condominium marketing for property asset holders, investors and developers. The shares of ACCENTRO Real Estate AG are listed on the Prime Standard segment of the Frankfurt Stock Exchange (German securities code number WKN: A0KFKB, ISIN: DE000A0KFKB3). investors.accentro.de

Press And Public Relations Contact

Karl-Philipp Jann

PB3C GmbH

Rankestrasse 17

10789 Berlin

E-Mail

Telefon

jann@pb3c.com

+49 (0)30 - 72 62 76 1612

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