property owners will be pleased, tenants rather not: 86 percent of active in Germany players in the real estate market expect rising prices for flats and houses in Frankfurt am Main as a result of the Proposed referendum on United Kingdom membership of the European Union. This is the result of a survey of business consultancy EY under 555 real estate professionals. A clear majority expects Frankfurt will be the financial center, which will benefit from the exit of Britain from the EU most -. 72 percent of respondents are of the view
Dublin ended up with 13 percent far behind in second place said financial centers. Paris (six percent) and Luxembourg (five percent) saw even fewer actors as future main beneficiaries of the Proposed referendum on United Kingdom membership of the European Union.
EY interviewed in the week after the referendum 555 investors, developers, asset managers, financiers, consultants and other participants in the German property market. Of which, although 82 percent had their headquarters in Germany, however, had to estimate little effect. Also, 69 percent of companies with headquarters in the UK see Frankfurt as main beneficiary.
Moreover, does not expect a 57 percent majority of real estate professionals alone for Frankfurt with rising rents and purchase prices, but for the whole of Germany. 38 percent expect no effect of the Proposed referendum on United Kingdom membership of the European Union on the German real estate prices, only six percent believe even at falling prices. however, only 34 percent see for the rest of the EU ahead of rising prices, the majority of 59 percent is not expected that the Proposed referendum on United Kingdom membership of the European Union will affect the local real estate market.
An overwhelming majority of 91 percent, however, is convinced that prices will fall in the UK property market. This is also interesting because a third of respondents in spite of the referendum does not believe that the UK will actually leave the EU. This proportion was among the companies that have their headquarters in the UK, with 38 percent of even the highest.
Overall, however, the EY survey reflects a great uncertainty in the sector resist. 40 percent feel unable to give an assessment of the Proposed referendum on United Kingdom membership of the European Union-consequences for their own businesses. The rest believe in almost equal proportions of positive, negative and neutral effects.
Where is the real estate for sale yet worth :
In times of low interest rates Property can be an attractive investment. However, especially in cities with soaring costs they throw off little return – in which German cities homebuyers can thus still make a bargain? A study in June of this year it has been found:
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Many people in Germany earn so little that they are entitled to social housing – however, often is not worth anything. In many cities there are hardly any flats for affordable rent. This is especially true for the cities, where real estate prices have risen particularly strongly in recent years.
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