Nieuws en artikelen
- Verbetering in de Duitse Markt
- Duitsland zit in de versnelling - Bundesbank
- Ieren investeren in de Duits Onroerend Goed
- Nieuw vertrouwen in Duitsland
Verbetering in de Duitse Markt
24/08/2006
Assetz property News 16.08.06
Het institute voor economisch onderzoek in Duitsland(Ifo) zegt dat de indicatie voor het economische klimaat in het euro-zone gebied lichtelijk gezakt is in het derde kwartaal, nadat het een 5-jarig hoogtepunt had bereikt in het tweede kwartaal van 2006.
However, the assessment of the current economic situation continued to improve with recent figures reporting that while in the short term expectations of the business climate fell from June's results, the long term outlook is among the highest for over ten years with a score of 105.6 points. The inflation expectation is 2.2 per cent, slightly above the target of the European Central Bank, as was the case for all of 2005, and there are predictions for short term interest rates to rise in the next six months, as is happening in the UK.
Overall, these survey results indicate a continuation of the economic recovery but that this revival will weaken slightly in the latter half of the year.
As business conditions improve, unemployment rates are beginning to fall and this is leading to a higher interest in home ownership among Germans. Under 40 per cent of Germans currently own their own home, compared with 80 per cent in the UK and Ireland, and this represents a huge potential market for budding property investors.
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Duitsland zit in de versnelling - Bundesbank
August 21, 2006
The German central bank now sees the national economy growing by at least 2% this year rather than a previously forecast 1.5%.
Bundesbank president Axel Weber told the Bild newspaper growth had begun last year and was now going to pick up steam.
The German government's official forecast is for growth of 1.6%, but Finance Minister Peer Steinbruck has predicted stronger momentum. Some economists foresee an expansion in 2006 of 2%, which Germany has not enjoyed since 2000.
Ieren investeren in Duits Onroerend Goed
20/07/2006
13.07.06 Irish Independent
As Berlin finishes the clean-up from a successful World Cup final, behind the scenes Irish property investors are making large inroads in the city's housing and office property market.
The last 18 months have seen substantial Irish investment in both individual apartments and blocks of units as well as the commercial sector, with buyers attracted by the perceived high rental yields and value in the market.
With a historically low level of home ownership, at about 13pc in Berlin, hesitant mortgage lenders and subsidised rents, property prices across Germany have been kept at a low level for the last decade.
And despite negative indicators - the European Central Bank (ECB) reported Germany to have posted its fourth consecutive annual decline in residential property - Irish investors are flooding in.
Buy-to-let apartments in Berlin can now be bought from €30,000 for a studio, while whole buildings are available for the same price as a Dublin flat
Irish investors are moving into the German market in full force. They have contributed specifically to the somewhat overheated prices in the Berlin property region. It started about 18 months ago and reached a peak probably about nine months ago, in Berlin specifically but now across other areas.
They are buying apartment buildings and either letting them out or refurbishing them and then letting them. They are buying revenue-producing property on a steady income where there is good leverage.
The active move into Berlin reflects a wider, and much more large-scale, investment amounting to more than €l5bn by private equity funds over the last three years in Germany.
In March, American equity firm the Fortress Investment Group bought Dresden's entire stock of 48,000 city-owned apartments for $1.2bn (€937m), which wiped out the city's public debt. Goldman Sachs, Morgan Stanley and Soros all have large property portfolios there also.
The excitement about Berlin arises out of a positive feeling about the German economy, which is seen to be at its lowest levels.
There is a feeling that the market is at a low ebb, particularly as they have got the World Cup and are doing very well at the moment.
They have a change of leadership and there is a new-found confidence. We have seen it come in only in the last three months where prices
are starting to increase in the market...
New vertrouwen in Duitsland
OPP Magazine, July 2006
Recent investment of €15billion in private equity funds from Goldman Sachs, Soros and Blackstone has renewed confidence in German real estate. Despite the European Housing Revue 2006 claiming it was the only country with a house price fall, a spokesperson for Inmoinvest predicted "significant capital appreciation over the next 5 years", adding "Germany will be the next big investment opportunity".
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