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Patrizia: "Deutscher Immobilienmarkt im Europaïschen Vergleich zunehmend attraktiver". |
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Thursday, 02 October 2008 00:00 |
The German real estate market is becoming progressively more attractive compared to the European market as benchmark, this is stated in a current study by Urban Land Instituts and Pricewaterhousecoopers.
Most countries in Europe experienced a huge price and value growth over the last ten years due to strong economic growth, positive demographic developments and attractive interest rates. Experts say this resulted in a price bubble and overvalued real estate in some countries. But that's over now that the economic growth is slowing down, ageing is becoming more of a problem in most countries and due to the current problems on the credit and capital market.
Germany experienced a slight price and value decrease over the last ten years, but because of minor increase of construction developments, positive demographic developments and strong growth in economic weaker regions the forecasts are positive. Real estate in Germany's first tier cities is also experiencing a steady rental growth, resulting in a steady growth of value with a positive forecast for the coming years. |
