IDEAS home Printed from https://ideas.repec.org/h/spr/mgmchp/978-3-642-23611-2_16.html
   My bibliography  Save this book chapter

Development of Residential Property

In: Understanding German Real Estate Markets

Author

Listed:
  • Marcus Cieleback

    (PATRIZIA Immobilien AG)

Abstract

The German residential market has been in the focus of numerous (opportunistic) international investors in the last decade. In their view the market was undervalued offering significant potential to benefit from rising prices and a rising home-ownership rate, as Germanys was amongst the lowest in Europe. The actual development proved the business plans, based on these assumptions, wrong, as they missed out, that more or less stagnation prices and the low home-ownership rate are the result of the structural framework and the changes during the reunification process that is still not completed yet. A detailed analysis of the development of the demand and supply side reveals this, but also shows that institutional investors are only playing a subordinate role in the German housing market as private owners and investors dominate the market. As construction activity in the multi-family sector is only slowly recovering from its low, this will change slow, supporting the stable performance of the German residential sector already seen in the past.

Suggested Citation

  • Marcus Cieleback, 2012. "Development of Residential Property," Management for Professionals, in: Tobias Just & Wolfgang Maennig (ed.), Understanding German Real Estate Markets, edition 127, pages 235-251, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-642-23611-2_16
    DOI: 10.1007/978-3-642-23611-2_16
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:mgmchp:978-3-642-23611-2_16. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.