Markets
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Stronger German office growth this year, before slowdown in 2020
A new report on Germany’s office property market by research group Capital Economics suggests that solid employment growth and tightening supply has led the researcher to revise its forecasts for the bigger cities for the rest of 2019, although it... Read more
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Nursing home operators muscle back into senior living market
Over the last few years private equity firms have invested heavily in the German market for senior living, particularly in managed care homes. However, a new study by consultancy group Terranus shows how the operators of such homes are... Read more
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Logistics rents rise strongly, yields fall again on supply shortages
The transaction volume in German logistics investment has fallen by a quarter in the first six months of the year, compared to last year, with €3.3bn being transacted for logistics properties (76.3%), production facilities and business parks... Read more
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Life cycle planning more critical, as fund holdings age
We reported last month in REFIRE how Germany’s open-ended mutual real estate funds surpassed the €100bn mark at the end of Q1 for the first time. A new study by Berlin-based rating agency Scope shows, however, that with the difficulty of finding... Read more
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Shortage of office space in Berlin keeps upward pressure on rents
As any company knows who’s been looking for office space for a sizeable amount of staff in Berlin, the market has tightened up drastically over the past two years. It’s now a very different story to how things were five years ago, where plenty of... Read more
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Number of German building permits sinks in first half
New figures released this week by German’s Statistische Bundesamt show that the number of building permits issued for new apartments sunk in the first half of the year to 164,600, down 2.3% on the same period last year. Permits issued for... Read more
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Erfurt real estate thriving as city enjoys new role as rail hub
The city of Erfurt, the capital of Thuringia, has been experiencing somewhat of a boost to its profile over the past couple of years. Your editor finds himself at least passing through the city on a much more frequent basis these days, largely as... Read more
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Germany’s top-10 hotel cities top 100m overnight stays
Just over 100m overnight stays were recorded in hotels in Germany’s Top 10 tourism cities in 2018, a rise of 5.7% over the preceding year, which itself had seen a rise of 4.6% over 2016. The figures for this year 2019 are expected to show a... Read more
Savills
Germany’s secondary cities benefit, volume to top €50bn
Research in from property advisory group Savills show that transaction volume in the German commercial property market was about €24.2bn, and is likely to exceed €50bn for the full year, with not significant downturn in the commercial investment... Read more
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Brexit and Germany’s new rent laws pull down EPRA listed sector values
Ongoing uncertainty about Brexit on the one hand, and dismay at the drastic political measures in Germany to curb rent and price increases, took their toll on the respective listed property markets in the UK and Germany, dragging the value of... Read more