Research and Markets (http://www.researchandmarkets.com/research/psmsvc/germany_real) has announced the addition of the "Germany Real Estate Report Q1 2013" report to their offering.
With a data focus on the principal cities of Berlin, Frankfurt, Dusseldorf and Munich, the report covers the rental market performance in terms of rates and yields over the past 18 months, and examines how best to maximise returns in the commercial real estate market, while minimising investment risk and exploring the impact of a high level of risk. Germany's economy is showing increasing signs that it is not immune to the rapidly escalating Eurozone debt crisis, as falling business confidence and declining manufacturing orders affect the outlook for investment.
The economic situations in all the cities we cover are looking fairly strong (given the wider context).
Business sentiment is sturdy, employment slightly improving year-on-year (y-o-y) and the consumer appears to be relatively resilient. This was reflected in the real estate market, which in 2011 continued to perform robustly, with falling vacancy levels and rising rents defying the wider malaise in the national economy. This latest data collection and in country interviews, conducted in July of 2012, show that broader economic troubles are taking their toll on the commercial real estate market.
Key Points
- Compared with its European peers Germany's construction industry looks strong, but the eurozone crisis still threatens confidence in the sector. Construction industry value is expected to reach US$132.4bn for 2012, y-o-y growth of just 1.4%. A period of low growth is expected to continue throughout our 10-year forecast period, with annual average growth of 0.84% anticipated between 2012 and 2021, with industry value due to reach US$160.2bn by the end of this period.
- New figures from the European Commission highlight a drastic fall in EU construction production in April 2012, reflecting increasing austerity cuts and a slump in private investment as the eurozone crisis fails to abate. The figures support our muted growth outlook for the European construction industry and highlight a number of trends which continue to weigh on the sector.
Companies Mentioned:
Hochtief
Multi Development Germany GmbH
ORCO Property Group Germany
Patrizia Immobilien
TAG Immobilien
Vivacon
For more information visit http://www.researchandmarkets.com/research/psmsvc/germany_real
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
U.S.
Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Property
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