German residential portfolio investment to reach €11bn

According to international real estate advisor Savills, residential portfolios in Germany generated a transaction volume of approximately €2.09 billion in Q3 2014, a slight increase from approximately €1.85 billion in Q2. The turnover from January to September 2014 totalled circa €9.07 billon and represents a 4% increase year-on-year. The firm predicts that total transaction volumes for the year are likely to reach €11 billion.