Investors who want a slice of the German residential property pie should consider venturing beyond Berlin and the major cities, PropertyEU's briefing on European housing has heard.
Investors who want a slice of the German residential property pie should consider venturing beyond Berlin and the major cities, PropertyEU's briefing on European housing has heard.
Mid-size German cities – alternatively referred to as 'B' regions or secondary locations - emerged as the popular choice among the expert panel during Expo Real.
The issue of preferred investment locations arose when each member of the panel was asked how to invest a fictional €500 mln in the sector. Christof Halwer, managing director, Catella Property Germany said he would employ a mixed strategy, with a third of the equity going to acquire portfolios (such as GSW), a third to development and the rest on newly built properties at the high end of the market. 'This gives you a mixture of something that brings in money; having to spend some money on development and the third element where you will have results for generations'.
The full report on the European Residential Investment Briefing appears in the November edition of PropertyEU Magazine. For a sneak preview of the presentation and videos go to the following link European Residential Investment Briefing.
