Property adviser King Sturge has launched a new monthly survey of the level of confidence in the German property market. Combining the views of 1,000 property professionals as well as data from various indices and information on base interest rates, the Real Estate Economic Index (Immobilienkonjunktur-Index) is designed to provide a new level of transparency in the German market.
Property adviser King Sturge has launched a new monthly survey of the level of confidence in the German property market. Combining the views of 1,000 property professionals as well as data from various indices and information on base interest rates, the Real Estate Economic Index (Immobilienkonjunktur-Index) is designed to provide a new level of transparency in the German market.
The main findings for January 2008 are that the current real estate climate is optimistic (110.1 points), despite the sub-prime crisis and high losses within the DAX. But the relatively low investment climate rate (90.9 points) indicates the end of the boom for the German investment market, the report says. The yield climate stands at 130.7 points and reflects positive occupier demand on the office, residential and retail markets.
Sascha Hettrich, managing partner of King Sturge in Germany, commented: 'The index recognises economic turning points and provides a level of strategic information that wasn't previously available. This is particularly useful in times of economic uncertainty.'
