Berlin – business with the real estate boom
Record: More than 200 billion euros in 2015 to invest in Germany
Berlin. The low interest rates boost the real estate business in Germany is becoming stronger. Apartments, houses and plots from 200 to 210 billion euros in 2015 are likely to have changed hands, as is evident from estimates of the official peer review committees. “We break the first time the 200-billion-euro mark,” said Peter Ache, branch manager of the working group of experts. There nationwide figures since 2007 are collected. Given further lower interest rates is to be expected that the sum of 2016 still rising.
“Since 2010, it goes straight up, 2015 is increased even a little more.” Not everyone expects now still buying, Ache said. “In the high-price segment now I would not buy anything but wait.” The risk of a property bubble see the committees is not, however, a further rise in prices they judge skeptical. “We are watching with interest and eager to see what happens when interest rates rise. Keep then the property its value?”
The Working Group derives its findings from the purchase contracts. The trend therefore cities include further Dusseldorf, Leipzig, Munich, Frankfurt, Hamburg and Berlin. In the environment of these cities prices rose, as it was called, significantly. In cities like Hildesheim and Holzminden also increases now be observed. “Even in rural areas, we see that the prices are rising. The people in the cities any more.”
Next expensive has in the past year and farmland as Ache said. In some places, it was hardly more favorable than commercial land. “Since they can better milk their cows on a commercial space and have the same full development.” Many farmers put under pressure because the rents rise accordingly. The highlight of the increase in prices of farmland could be achieved, however, from the perspective of the working group in the West. In East Germany more ups are possible.
High demand for detached houses
Also is the net result of LBS real estate companies and financial institutions-property-GmbH (Bavaria) this trend. With 34,300 mediated objects (plus 1.9 percent) in the value of 6.4 billion EUR (up 7.5 percent), the agents of LBS and financial institutions have achieved a new sales record.
“the brokerage business is currently dominated by the continuing high demand for single-family homes and condominiums as well as a dwindling selection of used objects,” explained LBS Association Director Axel Guthmann. The now “jumped to” New perspective promise relief, “because who moves into a new apartment, usually makes an old apartment free”. This development takes time, so it was a natural progression when put with continuing scarcity prices for existing properties continued.
real estate prices in Germany are apart from individual “hot spots” but still moderate. So cost a condominium from the stock at LBS and financial institutions over the past year average of 127,000 Euro (plus 7.8 percent), a detached house 181,000 euros (plus 5.4 percent). “Although the buyers of existing properties usually additionally have to factor in expenses for repair and refurbishment, these figures make it clear that home ownership is affordable for large parts of the population remains,” said Guthmann.
From the increasing demand for real estate benefited especially the construction sector. So went in January 12.5 percent more orders a, as in January 2015. And the sector remains optimistic: 94 percent of the Ifo Institute polled for the recent business climate index contractors expect in the next six months improved or consistent business situation – so many like never before. The Federation of the German Construction Industry expects a sales increase of three percent for 2016th Those who want to build in the coming months, however, should bring some savings. New objects cost to the present mediation results in both condominiums and single-family homes at twice as much as existing properties. last year paid So had acquirer average 255,000 euros for a new apartment and 358,000 euros for a house.
( dpa )
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