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| German rental & investment markets - clouds are gathering in the summer skies, IVG reports. |
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'You could describe the patterns for holidaymakers and the German property markets in August as almost identical: everyone's taking a break! The difference lies in how long they each take to 'recuperate'. While one group re-emerges in the office after an average of 2.5 weeks, the commercial property markets apparently have yet to put in a reappearance. A look at the subdued figures for the second quarter on the German rental and investment markets and the initial values for August quickly show that the momentum with which we began 2012 is seemingly spent. This may sound pessimistic - but the clouds are gathering in the summer skies. Autumn storms are a distinct possibility. It therefore comes as no surprise that the standard financial market and sector indices are continuing to fall in the third quarter. But strong demand for core properties is still expected in oft-quoted day-to-day business in view of the attractive yield gap, although the number of such properties available is still limited. Sales by the embattled German open-ended property funds are not helping in this regard as many have already sold off their 'cherries'. While prime yields are holding at the current level, yields for secondary properties are coming under rising pressure - because investors are not focusing on them. Nonetheless, in recent weeks the respective transaction departments have increasingly been 'checking' portfolios - this type of momentum refutes all those public statements saying that the investment pipeline is slowly drying up. And this is not to mention the posited - ice age -' Dr. Thomas Beyerle, Managing Director @ IVG Immobilien AG. Download the report here (pdf) Further information www.ivg.de 15.08.2012 save-more-energy.com is an independent b2b platform for Green Investment & Sustainable Development. Green Buildings, Retrofit, Urban Transformation, Renewable Energy, Future Cities and Investment Opportunities in Europe incl. CEE/SEE and Middle East Area. |
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