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  • Book
  • Jan 2012

Understanding German Real Estate Markets

  • Broad cover of all relevant real estate market issues for investing and analysing German real estate markets
  • A good mix of practioners with first-hand expertise of M&A, financing or legal advice as well as scholars with an internationally high repution on real estate analysis
  • Extensive data use to illustrate argumentation
  • Includes supplementary material: sn.pub/extras

Part of the book series: Management for Professionals (MANAGPROF)

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Table of contents (26 chapters)

  1. Front Matter

    Pages i-xxi
  2. Macro Environment

    1. Front Matter

      Pages 1-1
    2. Real Estate Data Sources in Germany

      • Michael Voigtländer
      Pages 3-17
    3. Sustainable Buildings

      • Christine Lemaitre
      Pages 43-56
    4. The German City System

      • Guido Spars, Inès-Caroline Naismith
      Pages 57-72
  3. Judicial Framework

    1. Front Matter

      Pages 73-73
    2. Valuation of Real Estate in Germany

      • Dietmar Meister, Kerstin Dressel
      Pages 99-111
    3. Rental Law

      • Wolfgang Usinger
      Pages 113-126
    4. Planning and Building Law

      • Petra Lau
      Pages 127-146
  4. Tax and Subsidy Framework

    1. Front Matter

      Pages 147-147
    2. Tax Framework for Investing by Asset Classes

      • Joachim Krämer
      Pages 149-159
    3. German Taxation of Real Estate Investments

      • Valentina Farle
      Pages 161-180
  5. Financing

    1. Front Matter

      Pages 193-193

About this book

Real estate is the biggest real asset class in an economy, and Germany is the biggest economy in Europe. This implies opportunities as well as specific risks for investors and policy makers. As the German real estate markets have by and large been spared severe disruptions in the course of the economic crisis, many questions arise for investors and academics alike. What are the key institutional characteristics of the German real estate markets that make it different? What are the short and long-term drivers of demand and supply? Which regional and functional market segments are most likely to outperform in the next few years? What are the most important pitfalls for investors in Germany? This book gives answers to these and many more questions. The editors have invited a broad range of extensively knowledgeable practitioners and academics from across the relevant real estate spectrum, i.e. economic, legal, tax, planning and financing issues, to express their views. There is no better English publication that gives such a profound and simultaneously entertaining overview of Germany’s real estate markets.

Editors and Affiliations

  • , DB Research, Deutsche Bank AG, Frankfurt, Germany

    Tobias Just

  • Hamburg, Germany

    Wolfgang Maennig

Bibliographic Information