Change in value as a percentage under varying parameters

Dec. 31, 2017

 

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 gross rental method for the portfolio in Austria uses valuation parameters that are only partially comparable.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Berlin

 

0.6/-0.6

 

2.1/-2.0

 

5.3/-5.4

 

-2.4/2.4

 

-8.5/10.1

 

1.9/-1.9

 

10.0/-8.3

Rhine Main Area

 

0.6/-0.5

 

1.7/-1.7

 

3.2/-3.3

 

-2.2/2.3

 

-6.2/7.1

 

1.3/-1.7

 

7.4/-6.4

Rhineland

 

0.6/-0.6

 

1.9/-1.9

 

3.5/-3.6

 

-2.2/2.3

 

-6.0/6.8

 

1.8/-1.8

 

6.9/-6.1

Southern Ruhr Area

 

0.9/-0.9

 

2.6/-2.6

 

4.4/-4.5

 

-2.4/2.4

 

-5.8/6.5

 

2.1/-2.2

 

6.0/-5.4

Dresden

 

0.8/-0.8

 

2.4/-2.4

 

4.2/-4.3

 

-2.3/2.3

 

-6.0/6.7

 

2.0/-2.0

 

6.5/-5.8

Hamburg

 

0.6/-0.6

 

2.0/-2.0

 

3.9/-4.0

 

-2.2/2.2

 

-6.5/7.5

 

1.4/-1.8

 

7.6/-6.7

Munich

 

0.4/-0.4

 

1.3/-1.3

 

3.3/-3.4

 

-2.0/2.0

 

-6.8/7.9

 

0.8/-1.6

 

8.6/-7.4

Stuttgart

 

0.5/-0.5

 

1.7/-1.7

 

3.3/-3.4

 

-2.2/2.2

 

-6.1/6.9

 

1.6/-1.7

 

7.1/-6.2

Northern Ruhr Area

 

1.1/-1.1

 

3.1/-3.1

 

4.7/-4.8

 

-2.6/2.6

 

-5.5/6.1

 

2.4/-2.4

 

5.3/-4.8

Hanover

 

0.7/-0.7

 

2.3/-2.3

 

4.1/-4.2

 

-2.3/2.3

 

-6.1/6.9

 

1.9/-1.9

 

6.8/-6.0

Kiel

 

0.9/-0.9

 

2.6/-2.6

 

4.4/-4.5

 

-2.4/2.4

 

-6.1/6.9

 

2.1/-2.0

 

6.4/-5.7

Bremen

 

0.9/-0.9

 

2.7/-2.7

 

5.4/-5.5

 

-2.3/2.3

 

-6.7/7.8

 

2.1/-2.1

 

7.2/-6.3

Leipzig

 

0.8/-0.8

 

2.5/-2.5

 

5.0/-5.0

 

-2.5/2.5

 

-6.5/7.5

 

2.1/-2.1

 

7.0/-6.1

Westphalia

 

0.9/-0.9

 

2.8/-2.8

 

4.6/-4.7

 

-2.4/2.3

 

-6.0/6.7

 

2.1/-2.2

 

6.2/-5.5

Freiburg

 

0.6/-0.6

 

1.9/-1.9

 

3.9/-4.0

 

-2.4/2.3

 

-7.1/8.1

 

1.4/-1.8

 

8.1/-7.0

Other strategic locations

 

0.7/-0.7

 

2.2/-2.2

 

3.8/-4.0

 

-2.3/2.4

 

-6.0/6.9

 

1.9/-1.9

 

6.6/-5.9

Total strategic locations

 

0.7/-0.7

 

2.2/-2.1

 

4.2/-4.3

 

-2.3/2.3

 

-6.5/7.5

 

1.8/-1.9

 

7.4/-6.4

Non-strategic locations

 

1.1/-1.1

 

3.4/-3.4

 

5.5/-5.5

 

-2.6/2.6

 

-5.9/6.6

 

2.5/-2.5

 

5.7/-5.1

Vonovia Germany

 

0.7/-0.7

 

2.2/-2.2

 

4.2/-4.3

 

-2.3/2.3

 

-6.5/7.5

 

1.8/-1.9

 

7.4/-6.4

Vonovia Austria*

 

n.a.

 

n.a.

 

n.a.

 

-1,6/1,6

 

n.a.

 

n.a.

 

7,3/-6,7