 Development of Residential PropertyMarcus Cieleback
A chapter in Understanding German Real Estate Markets, 2012, pp 235-251 from Springer Abstract: Abstract The German residential market has been in the focus of numerous (opportunistic) international investors in the last decade. In their view the market was undervalued offering significant potential to benefit from rising prices and a rising home-ownership rate, as Germanys was amongst the lowest in Europe. The actual development proved the business plans, based on these assumptions, wrong, as they missed out, that more or less stagnation prices and the low home-ownership rate are the result of the structural framework and the changes during the reunification process that is still not completed yet. A detailed analysis of the development of the demand and supply side reveals this, but also shows that institutional investors are only playing a subordinate role in the German housing market as private owners and investors dominate the market. As construction activity in the multi-family sector is only slowly recovering from its low, this will change slow, supporting the stable performance of the German residential sector already seen in the past. Keywords: Home ownership; house prices; housing completions; rental market (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-642-23611-2_16 Ordering information: This item can be ordered from DOI: 10.1007/978-3-642-23611-2_16 Access Statistics for this chapter More chapters in Management for Professionals from Springer |
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