The property development market in Berlin
and Potsdam is dominated by residential
developments for the second consecutive year: A study compiled by
BulwienGesa for Hochtief and TLG for the period of 2009 to 2016 claims 56.5% of the projects currently under construction or
in the planning stage in the Berlin-Potsdam region are Residential Properties (3.5mn
sqm). This is an increase of about 1mn sqm over the previous year. The entire
project development volume in Berlin and Potsdam from 2009 to 2016 would thus
be around 6.2mn sqm, or 12.5% more than in lst years study for the report period.
The total investment volume
climbed by a further €2.3bn, to €18.3bn. This increase, however, is exclusively
due to the residential sector: there were significant declines for retail
(-132,000 sqm, down to 618,000 sqm) and hotel projects (-115,000 sqm, down to
700,000 sqm). Office developments fell back slightly by 12,000 sqm, dropping to
1mn sqm. Due to the lack of big deals in the commercial sector the volume shrank by €2.2bn.
The German version of the full study including data and graphs is available for download on www.berlin-portfolio.com.
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