The mood in Germany’s real estate industry brightened slightly in February, according to King Sturge's monthly Real Estate Economy index. Notwithstanding the generally poor financial and economic situation in Germany, King Sturge's survey-based Real Estate Climate of the monthly Real Estate Economy index showed an 8.8% rise for the second month in row. It now stands at stands at 47.2 index points, compared to 43.4 points the previous month.
The mood in Germany’s real estate industry brightened slightly in February, according to King Sturge's monthly Real Estate Economy index. Notwithstanding the generally poor financial and economic situation in Germany, King Sturge's survey-based Real Estate Climate of the monthly Real Estate Economy index showed an 8.8% rise for the second month in row. It now stands at stands at 47.2 index points, compared to 43.4 points the previous month.
King Sturge said the brightened prospects of the Real Estate Climate are essentially explained by the sudden 15.4% leap of the Investment Climate, which stood at 40.5 points in February compared with 35.1 points the previous month.
The results are based on a poll of 1,000 market players conducted by research company BulwienGesa on behalf of King Sturge. The cautiously optimistic mood in the industry is also reflected in the slowing downturn of the Real Estate Economy index, which is based on macro-economic data: It dropped by a fraction in February, from 124.8 points to 122.9 points.
