REFIRE — German Real Estate Finance

After a brief reprieve, construction prices in Germany are ticking up again. In August, residential construction costs rose 3.1% year-over-year, with the most significant increases in finishing w...

https://www.refire-online.com/markets/german-building-costs-rising-again-after-respite/

At this year’s Expo REAL in Munich, the dominant theme was uncertainty—a market weighed down by financing constraints, regulatory challenges, and a tough economic backdrop. And that was befor...

https://www.refire-online.com/opinion/german-rental-market-becoming-a-trap/

The latest annual report on financing from Berlin-based FAP GROUP reveals a transformative year for Germany's alternative real estate financing market, driven by tightening liquidity and strategi...

https://www.refire-online.com/investment/fap-2024-report-highlights-shift-in-german-real-estate-funding/

In recent months, Germany’s open-ended real estate funds have faced mounting challenges, from market devaluations to liquidity pressures and increasing investor scrutiny. Although these funds w...

https://www.refire-online.com/investment/german-open-ended-funds-weather-risks-and-uncertainty/

The use of share deals in German real estate transactions is currently facing heightened scrutiny, as Berlin’s coalition government advocates for tighter restrictions on a practice that allows ...

https://www.refire-online.com/investment/share-deals-face-political-crosshairs-over-tax-avoidance/

There's been a significant development in the ongoing saga of the GERMAN PROPERTY GROUP (GPG), formerly known as DOLPHIN TRUST, which we reported on extensively some years ago here in REFIRE.

https://www.refire-online.com/companies/formal-charges-filed-against-gpg-founder/

At this year’s EXPO REAL in Munich, logistics real estate emerged as a key player in Germany’s drive toward a sustainable, fossil-free future. At an event organized by PANATTONI, a leader in ...

https://www.refire-online.com/markets/logistics-enabler-of-energy-transition/

The logistics and industrial real estate market in Germany, while experiencing selective hesitation from investors, is proving resilient, according to the recently published "Logistics and Real E...

https://www.refire-online.com/investment/brownfield-revival-and-ecommerce-drive-logistics-growth/

Following a subdued phase, investment activity in Germany's healthcare property sector is picking up, albeit modestly. Industry reports from CBRE and Cushman & Wakefield indicate heightened inves...

https://www.refire-online.com/investment/healthcare-sector-seeing-slow-return-to-life/

Germany’s real estate sector faces a persistent and escalating wave of non-performing loans (NPLs) as structural issues in commercial property financing continue to erode credit conditions. Unl...

https://www.refire-online.com/investment/regulatory-pressures-and-npls-shape-lending-outlook/

The German hotel investment market is experiencing a resurgence, driven by notable portfolio sales and ambitious expansion plans from key brands like B&B Hotels and Premier Inn.

https://www.refire-online.com/investment/hotel-sector-surges-deals-consolidation-expansion/

Following a recent deep dive with Daniel T. Borger Advisory, REFIRE is continuing to explore Germany's nascent drive-up garage park market, a segment with growth potential that could shape future...

https://www.refire-online.com/investment/garage-parks-next-real-estate-growth-sector/

The European Central Bank’s decision to reduce its key interest rates by 0.25 percentage points, bringing the deposit rate down to 3.25%, reflects a response to easing inflation and weak econom...

https://www.refire-online.com/investment/ecb-rate-cut-was-expected-but-viewed-as-stabilising/

A fresh study from consultants PwC on the transformation of department stores into mixed-use buildings sheds light on an increasingly urgent issue in German real estate. With the financial troubl...

https://www.refire-online.com/investment/mixed-use-answer-to-vacant-department-stores/

The latest ImmoScout24 study reveals a significant surge in ancillary costs (Mietnebenkosten) across Germany, highlighting a pivotal trend for investors in residential real estate. Known as the â...

https://www.refire-online.com/markets/energy-driven-utility-costs-add-to-german-tenants-burden/

The ongoing crisis in Germany’s residential construction market shows no signs of abating, with recent figures from the FEDERAL STATISTICAL OFFICE painting a bleak picture.

https://www.refire-online.com/markets/german-housing-faces-deepening-crisis-as-permits-plummet/

The German coalition government recently extended the Mietpreisbremse (rent control law) until the end of 2028, with additional tightening of criteria for its application. Federal Justice Ministe...

https://www.refire-online.com/markets/rent-cap-extension-eases-tenant-fears-heightens-investor-concerns/

By this time next week, the Expo REAL in Munich, Germany’s most important gathering spot for the real estate industry, will be in full swing. Despite apparent criticism levelled at the trade fa...

https://www.refire-online.com/opinion/is-german-industrial-appeal-slipping/

HANSEMERKUR GRUNDVERMÖGEN ON THE BENEFITS OF CO-INVESTING, FOREIGN BARGAIN-HUNTERS, AND THE GERMAN HOUSING SHORTAGE

https://www.refire-online.com/interviews/interview-malte-andes-hansemerkur-grundvermogen/

At the recent RICS Valuers Conference in Frankfurt, Germany’s traditional real estate valuation methods faced close examination, particularly in light of the challenges posed by rising interest...

https://www.refire-online.com/investment/german-conservative-valuation-facing-increasing-scrutiny/

By Adalbert Pokorski, CEO, Greenwater Capital GmbH

https://www.refire-online.com/guest-columns/how-investors-can-gain-attractive-returns-subsidised-housing/

Germany’s once red-hot Zinshaus market, which had cooled significantly in recent years, looks as if it's ready to heat up again. Two recent reports from SCHICK IMMOBILIEN and COLLIERS sig...

https://www.refire-online.com/markets/market-for-german-zinsh%C3%A4user-poised-for-rebound/

The secondary market for real estate and infrastructure funds in Germany is no longer a quiet corner of the investment landscape—it’s fast becoming a key battleground for institutional invest...

https://www.refire-online.com/investment/investors-eyeing-secondary-markets-real-estate-and-infrastructure/

The real estate debt market in Germany is at a pivotal moment. With traditional banks retreating from real estate financing, alternative lenders—especially private debt funds—are rapidly step...

https://www.refire-online.com/investment/opportunities-in-real-estate-debt-market-now-hard-to-ignore/

Germany's banking sector is navigating stormy waters as more borrowers, particularly in the commercial real estate market, face mounting challenges in servicing their loans. After the sharp rise ...

https://www.refire-online.com/investment/no-hawaiian-super-waves-of-npls-expected/

For a decade now, Bulwiengesa’s 5% Study has been an annual milestone, and one we've always reported on here in REFIRE. The last two years have been grim, to put it mildly, with that 5% yield p...

https://www.refire-online.com/investment/unlocking-five-percent-yields-german-real-estate-market/

Germany’s housing crisis has entered a critical phase, with high construction costs and burdensome regulations threatening to stall development. In a bid to tackle this, the government is press...

https://www.refire-online.com/investment/building-type-e-blueprint-or-legal-quicksand/

The mid-September interest rate reduction by the EUROPEAN CENTRAL BANK of 25 basis points had been widely anticipated. Here is how a cross-section of German real estate market participants reac...

https://www.refire-online.com/investment/ecb-interest-rate-reduction-in-line-with-expectations/

Germany’s housing market is navigating turbulent waters, with construction delays, soaring costs, and regulatory hurdles exacerbating the mismatch between supply and demand. Recent events—one...

https://www.refire-online.com/investment/why-german-housing-crisis-needs-bold-innovation/

The EUROPEAN CENTRAL BANK (ECB) took another cautious step in September, cutting the main refinancing rate from 3.75% to 3.5%. While the move was anticipated, its ripple effects are still being...

https://www.refire-online.com/investment/best-mortgage-deals-in-germany-being-offered-sub-three-pct/