Change in value as a percentage under varying parameters

 

Dec. 31, 2018

 

Management costs residential

 

Maintenance costs residential

 

Cost increase/inflation

 

Market rent residential

 

Market rent increase residential

 

Stabilized vacancy rate residential

 

Discounting and capitalized interest rates total

 

Regional Market

 

-10%/+10%

 

-10%/+10%

 

-0.5%/+0.5% points

 

-2.0%/+2.0%

 

-0.2%/+0.2% points

 

-1%/+1% point

 

-0.25%/+0.25% points

 

*

The valuation methods for the portfolio in Austria and Sweden use valuation parameters that are only partially comparable.
Administrative and maintenance expenses are not shown separately.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Berlin

 

0.5/-0.5

 

1.7/-1.7

 

4.7/-4.8

 

-2.3/2.3

 

-8.7/10.4

 

1.7/-1.7

 

10.6/-8.8

 

Rhine Main Area

 

0.5/-0.5

 

1.5/-1.5

 

2.9/-3.0

 

-2.3/2.3

 

-6.4/7.3

 

1.2/-1.6

 

7.7/-6.7

 

Rhineland

 

0.5/-0.5

 

1.8/-1.8

 

3.4/-3.6

 

-2.3/2.3

 

-6.3/7.1

 

1.7/-1.8

 

7.3/-6.4

 

Southern Ruhr Area

 

0.8/-0.8

 

2.4/-2.3

 

4.4/-4.5

 

-2.4/2.5

 

-6.4/7.2

 

2.1/-2.1

 

6.8/-6.0

 

Dresden

 

0.7/-0.7

 

2.1/-2.1

 

3.9/-4.0

 

-2.5/2.5

 

-6.1/6.9

 

1.9/-1.9

 

6.8/-6.0

 

Hamburg

 

0.6/-0.6

 

1.8/-1.8

 

3.4/-3.5

 

-2.1/2.1

 

-6.6/7.6

 

1.3/-1.7

 

8.0/-6.9

 

Munich

 

0.4/-0.4

 

1.2/-1.2

 

3.4/-3.5

 

-2.1/2.1

 

-7.4/8.7

 

0.8/-1.5

 

9.5/-8.0

 

Stuttgart

 

0.5/-0.5

 

1.5/-1.5

 

3.0/-3.2

 

-2.2/2.2

 

-6.4/7.3

 

1.4/-1.6

 

7.6/-6.6

 

Kiel

 

0.8/-0.8

 

2.1/-2.1

 

2.7/-2.9

 

-2.1/2.0

 

-5.8/6.6

 

1.8/-1.8

 

6.9/-6.1

 

Hanover

 

0.6/-0.6

 

2.0/-2.0

 

3.5/-3.7

 

-2.3/2.2

 

-6.2/7.0

 

1.8/-1.8

 

7.1/-6.3

 

Northern Ruhr Area

 

1.0/-1.0

 

2.8/-2.8

 

4.4/-4.6

 

-2.6/2.6

 

-5.7/6.3

 

2.3/-2.3

 

5.6/-5.1

 

Bremen

 

0.8/-0.7

 

2.2/-2.2

 

4.9/-5.0

 

-2.3/2.3

 

-6.9/8.0

 

1.9/-1.9

 

7.7/-6.6

 

Leipzig

 

0.7/-0.7

 

2.3/-2.3

 

4.8/-4.9

 

-2.5/2.5

 

-6.8/7.8

 

2.0/-2.0

 

7.5/-6.5

 

Westphalia

 

0.7/-0.7

 

2.4/-2.4

 

4.0/-4.1

 

-2.3/2.3

 

-6.0/6.8

 

1.9/-2.0

 

6.5/-5.8

 

Freiburg

 

0.5/-0.5

 

1.8/-1.7

 

3.7/-3.8

 

-2.3/2.3

 

-7.2/8.5

 

1.3/-1.7

 

8.6/-7.3

 

Other strategic Locations

 

0.6/-0.7

 

2.0/-2.0

 

3.3/-3.4

 

-2.2/2.2

 

-6.0/6.8

 

1.7/-1.8

 

6.9/-6.0

 

Total strategic Locations

 

0.6/-0.6

 

2.1/-2.0

 

3.0/-3.1

 

-2.2/2.4

 

-6.6/7.7

 

2.1/-1.8

 

8.0/-7.0

 

Non-strategic Locations

 

0.6/-0.6

 

1.9/-1.9

 

3.8/-3.9

 

-2.3/2.3

 

-6.8/7.8

 

1.7/-1.8

 

7.9/-6.8

 

Vonovia Germany

 

0.6/-0.6

 

1.9/-1.9

 

3.8/-3.9

 

-2.3/2.3

 

-6.8/7.8

 

1.7/-1.8

 

7.9/-6.8

 

Vonovia Austria*

 

n.a.

 

n.a.

 

n.a.

 

-0.1/0.1

 

n.a.

 

n.a.

 

4.2/-3.8

 

Vonovia Sweden*

 

n.a.

 

n.a.

 

1.5/-1.5

 

-3.0/3.0

 

-1.3/1.3

 

1.2/-1.7

 

5.3/-4.7