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Residential investment on record trajectory

Investment in sizeable residential portfolios in the first quarter of 2012 was on track to set a new record. The registered transaction volume totalled 3.64 bn €, more than four times the prior-year figure and the best first-quarter result since the boom year of 2007. So, as was anticipated, the already very dynamic development observed last year has actually accelerated. The survey covered a total of 54 sales, involving just over 68,000 residential units. As the result of several major deals, the average volume per transaction has increased quite appreciably, to just over 67 million €. The most important deals included the sale of around 21,500 LBBW units for more than 1.4 bn € and the disposal of about 25,000 units by DKB[…]
Source: BNPPRE