Germany is competing in a global race for top talent, particularly in technology and design, as firms such as Apple and Facebook work on futuristic campuses.
Home prices in India have risen by a cumulative 72.3% between 2007 and 2015, the highest growth among a group of 18 major economies, according to a report in Livemint quoting Bank for International Settlements (BIS) data.
Property prices in Germany will rise between three and four percent this year, despite increased construction activity, a survey of Landesbausparkassen (LBS) building societies published on Tuesday showed.
Cheap financing costs, rising wages and low unemployment are fuelling rising demand for property, according to the survey, as well as high immigration.
Total investment volume into European commercial real estate in the first quarter of 2016 reached €36.8 billion, some 30% lower than the same period last year, the latest research shows.
However, several European countries analysed in the report from international real estate firm Savills are seeing increasing investment activity this year. Italy with growth of 54%, Sweden up 33%, Poland up 15%, the Benelux countries up 12% and Finland up 479%, have all performed well. The report says that the data shows that investor appetite is healthy for quality assets in markets with strong fundamentals.
In terms of sectors, industrial has gained ground, increasing by around 19% year on year. This was driven mainly by transactions in the logistics and distribution sector in the UK, Germany, Sweden, Spain and the Netherlands, which accounted for more than 80% of the total activity.
A total of €64.5 billion was invested in European commercial property in the final quarter of 2015, which took volumes for the full year to €238.5 billion, a 25% increase on 2014.
However, the fourth quarter total was only slightly up, by 0.5%, on the same quarter of 2014, indicating that investment growth lost a little momentum towards the end of the year, according to the latest European quarterly commercial property outlook report from Knight Frank.
However, it shows that increases in investment activity were widespread in 2015, with the core markets of the UK, Germany and France all seeing transactions rise by more than 20%.
UK local councils, faced with government plans that could result in them having to sell off up to 97% of their properties, will look on in envy at their counterparts in Germany, where some local councils are using a special legal instrument to snatch apartments from investors and place them in public hands.
German law gives municipal governments a vorkaufsrecht, or first purchasing right, over apartment buildings that come on the market. Largely forgotten during the years of stable property prices, this tool is now being used in Berlin to give back to local communities properties about to be sold to speculators.
The German housing market has been rapidly heating up in recent years, especially in Berlin, where apartment purchasing prices have increased 97.7% and rental prices by 51.1% since 2007.
New York and Boston were considered fair-valued, leaving 12 of the 15 cities surveyed overvalued
The level of investment into European commercial real estate continues to grow with €62 billion invested in the third quarter of 2015, up 18% on the same period in 2014.
France experienced the most noteworthy increase with investment activity of over €7 billion, almost double that of the same quarter in 2014, according to figures from CBRE.
Hamburg has become the first German city to pass a law allowing the seizure of empty commercial properties in order to house migrants.
Though comparatively cheap next to London’s astronomical living costs, Berlin’s rental prices are rising rapidly. What does this mean for the native Berliners and ex-Londoners who rely on its reasonable housing market?
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