On 2 December Engel & Völkers Residential GmbH published its very first “Market Report on Residential Property in Germany 2013/2014” (in German: “Wohnimmobilien Marktbericht Deutschland 2013/2014”). This extensive analysis of the residential property market in Germany examined the markets in 50 locations, including all of Germany’s metropolitan areas, many large and medium-sized towns, as well as numerous popular holiday destinations.
Positive growth is set to continue in the German residential property market in the locations analysed by Engel & Völkers. Many regions are just at the start of a growth phase, while in others property prices have already risen very rapidly in recent years. Engel & Völkers’ 96-page publication introduces more transparency to the very diverse market. Knowledge of the market and local expertise in Engel & Völkers residential property shops have been supplemented by data from research institutes and respective property value committees.
Issue 49 of the German news magazine Focus contains an exclusive four-page article on the market report. Under the headline “Is there really a property bubble?” the magazine looks at whether rising property prices in Germany’s metropolitan areas can still be justified. Based on E&V’s market report, Board Member Kai Enders sounds the all-clear: “Demand in many cities is still tremendously high and I can’t see why that should suddenly change. More and more people are moving from the countryside to towns and cities: young people for work and older people for a better infrastructure. At the same time Germans want more and more living space.” Focus has a weekly readership of over 3.8 million.
You can order your own copy of the “Market Report on Residential Property in Germany 2013/2014” here.
The online article can be found here.