The German real estate market is hot, whether for hotels, retail warehouses or parking garages. Big investors in particular are putting their money into any piece of property that still offers returns, even if only partly promising.
Anyone who can get a piece of multi-family apartment blocks in cities like Berlin, Munich, Frankfurt or Hamburg has particular cause to rejoice, because competition is this segment is extremely intense. Investors are making a grab for uncomplicated properties, even if returns are declining.
The current climate of the German real estate industry continues to be excellent, said Michael Voigtländer, head of financial and real estate markets at the Cologne Institute for Economic Research (IW).