Allianz-Versicherung has acquired a new high-rise office building in downtown Frankfurt for a record sum of 1.4 billion euros.
(Photo: dpa)
Munich Insurers are becoming increasingly reluctant to invest in real estate. After the rate in the overall portfolio reached a new high of 12.1 percent last year, there are now signs of a trend reversal. This is the result of the 15th edition of the trend barometer for real estate investments by the consulting company EY, in which 30 well-known insurers took part.
According to the trend barometer, the war in Ukraine, the pandemic that has been going on for more than two years and the stagnating high inflation are turning the environment upside down.
Insurers in particular had massively increased their investments in real estate for many years. Within a decade, the share in the overall portfolio has more than doubled to 12.1 percent. In 2020 it was still 11.5 percent. Small and medium-sized life insurers in particular, such as Berliner Ideal, Bayerische and LV von 1871, rely on real estate portfolios in good locations in Berlin and Munich.
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