German property market expected to recover faster - survey

An EXPO REAL survey on the outlook for the property market in 2009 reveals that experts believe the bottom of the cycle is yet to come. It also revealed that the German property market is generally thought to have the best prospects for a fast recovery. The survey was conducted by EXPO REAL among industry experts and trade journalists from Germany and abroad who were accredited for the last event.

‘Despite the mood of crisis in the sector around the world, we are quietly confident about EXPO REAL this autumn. This show benefits from the fact that it takes place in the business location of Germany, in the country which in an international comparison has the most stable property market,’ said Eugen Egetenmeir, a member of the management board of Messe Munchen.

The survey respondents are expecting the international property sector to continue to be affected by stagnation, tighter liquidity, insolvencies and job losses. Overall, however, the experts believe that the European countries, in particular Germany, will recover the fastest from the crisis. In their view, it is office property and retail space that will benefit soonest from a renewed upswing. They also forecast good development prospects for logistics and residential property.