Investment in the residential and commercial property markets in Germany plunged 57% last year, according to the property adviser network Deutsche Immobilien-Partner (DIP). Investment in asset and share deals came to EUR 50.1 bn last year compared to EUR 116.4 bn in 2007.
Investment in the residential and commercial property markets in Germany plunged 57% last year, according to the property adviser network Deutsche Immobilien-Partner (DIP). Investment in asset and share deals came to EUR 50.1 bn last year compared to EUR 116.4 bn in 2007.
'However, it is easily overlooked, that the two record years of 2006 and 2007 with absolutely exceptional results are included in this comparison.' In contrast, if the average value of the 'normal' years from 2000 to 2004 of EUR 49.6 bn is taken, the 2008 result was average, DIP said.
Compared with 2006, the foreign investors market share in the German investment market declined by about 27% of the total transaction volume to 57% in 2008. In addition, DIP observed a significant increase in returns both for commercial and residential investments.
