Dear Reader,
Autumn is just around the corner and, in recent months, industry experts have been reassessing their forecasts and evaluating market trends. It is evident that the market is showing signs of recovery, albeit with some ambivalence. While residential property prices continue to vary across Germany, prices for investment properties have notably stabilised, particularly in major urban centres.
In this context, it is crucial to determine the precise factors influencing the development of a property’s value. The economic climate is certainly a significant factor, but other elements such as social milieu, flexibility, infrastructure, and sustainability also play pivotal roles. Although the mountain of non-performing loans (NPLs) is growing, which could also create opportunities, investors have the potential to enhance and revitalise entire districts through urban regeneration projects.
EXPO REAL, Germany’s leading real estate trade fair, is also fast approaching. Despite the ongoing shortage of new residential construction in Germany, the residential investment market is far more vibrant than is often portrayed in the media. Investors are seizing the opportunity to capitalise on attractive prospects that are arising in this market phase. We are confident that the atmosphere at EXPO REAL will mirror these positive trends and exceed expectations.
We look forward to seeing you at the EXPO REAL. In the meantime, we hope you enjoy the rest of your late summer and our latest informative newsletter!
JMS and HFR
MICHAEL SCHICK IMMOBILIEN
GmbH & Co. KG