REFIRE — German Real Estate Finance

The real estate landscape in Germany is bracing for a continuing downtrend in property prices, with the Pfandbrief-issuing banks anticipating further declines across various asset classes. As rep...

https://www.refire-online.com/investment/banks-see-commercial-property-still-sliding/

As Germany grapples with an escalating housing crisis, the recent Housing Construction Day in Berlin brought together industry leaders and top politicians to discuss the path forward. The event u...

https://www.refire-online.com/markets/building-industry-alliance-hammers-out-need-for-major-change/

REFIRE has been reporting since the middle of last year on how Germany's open-ended property funds are experiencing significant net outflows, a trend not seen in over 17 years. According to a new...

https://www.refire-online.com/investment/historic-outflows-germany-open-ended-property-funds/

There is no respite to the downward trend in the number of building permits being issued in Germany, with January and February seeing the total of permits issued at 28,200 for new-build houses an...

https://www.refire-online.com/markets/no-end-steep-fall-in-issuance-of-german-building-permits/

It's still all very quiet on the hotel investment front in Germany, with the major property brokers reporting a very subdued transaction volume of at most €260m over the first quarter. This put...

https://www.refire-online.com/investment/hotels-investment-market-remains-highly-subdued/

A recurring topic of conversation at the recent MIPIM trade fair in Cannes was the heightened interest shown by investors in infrastructure, as many take the view that returns on traditional real...

https://www.refire-online.com/investment/shift-to-more-investing-in-infrastructure-gathers-pace/

In a significant development for Germany's environmental policy, the traffic light coalition has successfully negotiated amendments to the Climate Protection Act (Klimaschutzgesetz), overcoming a...

https://www.refire-online.com/investment/revised-climate-protection-act-new-benchmarks-for-meeting-goals/

In the quest to align with climate ambitions, the refurbishment rate of Germany’s residential buildings is going to need a significant boost from where we're at right now. Currently languishing...

https://www.refire-online.com/investment/germany-struggling-climate-targets-in-housing-refurbishment/

In a significant move aimed at stabilizing the housing market, the German government has extended the Mietpreisbremse, or rent control law, through 2029. This legislation caps rent increases in ...

https://www.refire-online.com/markets/extension-of-mietpreisbremse-stirs-up-mixed-reactions/

With transactions in German office properties completely in the doldrums, the secondary market for trading in property funds is flourishing as investors head for the exits. Pricing in the seconda...

https://www.refire-online.com/investment/secondaries-market-flourishes-as-fund-outflows-continue/

The global residential specialist fund manager GREYSTAR has been ramping up its activities in Europe for the past several years, particularly in student housing. Now, with new innovations and pro...

https://www.refire-online.com/companies/greystar-berlin-project-heads-renewed-german-housing-strategy/

The German fund administrator and asset manager INTREAL told REFIRE at the MIPIM recently that it saw the real estate market adjusting to reality, and saw a degree of optimism returning to invest...

https://www.refire-online.com/companies/intreal-braces-for-further-growth-via-luxembourg/

The latest German developer to file for insolvency is the Wiesbaden-headquartered integrated residential property company D.I.I. DEUTSCHE INVEST IMMOBILIEN AG, which ran out of financial road jus...

https://www.refire-online.com/companies/dii-latest-prominent-german-developer-to-file-for-insolvency/

The ASSOCIATION OF GERMAN PFANDBRIEF BANKS (VDP) issued a fairly positive statement on its new outlook, and expects new business to pick up in 2024, with commercial property lending making a slig...

https://www.refire-online.com/investment/pfandbrief-issuers-see-upswing-commercial-and-residential-lending/

Residential and logistics. There was plenty of excitement around these two asset classes at the recent MIPIM, if you were lucky enough - as REFIRE was - to frequently fall in among the company of...

https://www.refire-online.com/opinion/very-smart-brains-trying-to-rethink-german-real-estate/

In Germany's dynamic real estate landscape, H2i stands as a bridge, connecting project developers with institutional investors. REFIRE recently sat down to talk with Managing Partner Tilman Hickl...

https://www.refire-online.com/guest-columns/dr-tilman-hickl-eof-and-regional-investment/

REFIRE recently had the opportunity to delve deeper into the operations and strategy behind the Berlin-headquartered NUMA GROUP, a company quickly carving out a growing niche in the digital hospi...

https://www.refire-online.com/companies/numa-blends-tech-and-travel-to-reshape-european-city-hotel-stays/

The market for social housing in Germany has been disintegrating steadily for years, despite the state's increased expenditure on housing for those most acutely in need of accommodation. Despite ...

https://www.refire-online.com/markets/how-can-investors-unlock-potential-in-germanys-social-housing/

By Benedict Heidbüchel, LL.M.

https://www.refire-online.com/guest-columns/how-tokenized-funds-can-embrace-fundraising/

Investor activity is likely to get a boost from the recent fall in inflation and in borrowing costs, but the ongoing threat is the existing capital gap in the refinancing of old loans, says a res...

https://www.refire-online.com/investment/funding-gap-of-%E2%82%AC90bn-weighing-on-german-banks/

Investor appetite for data centres across Europe remains strong, fuelled by soaring demand for data capacity and further growth in the cloud, and propelled by colossal interest in AI technologies...

https://www.refire-online.com/investment/data-centre-investors-ride-wave-of-demand-server-capacity/

There has been much commentary about the fate of German banks' lending exposure to the US office market, where prices have been falling precipitously, and losses on lending mounting steeply.

https://www.refire-online.com/investment/funds-position-to-capitalise-on-german-distressed-lending/

A survey by the MCMAKLER property portal claims that German residential property prices have stabilised since the beginning of the year, remaining unchanged since last year's final quarter, but d...

https://www.refire-online.com/markets/mixed-reports-on-house-price-changes-as-demand-increases/

REFIRE met recently with the senior European team of net lease specialist REIT W. P. CAREY to learn more about a couple of deals the company has concluded in the UK and Europe recently.

https://www.refire-online.com/companies/wp-carey-sees-growing-appetite-for-sale-and-leaseback-deals/

Apart from tracking the prices for a small private apartment unit in official student accomodation in Germany, REFIRE also keeps a beady eye on the costs of renting a room in shared accomodation ...

https://www.refire-online.com/markets/dramatic-rent-hikes-even-for-wg-zimmer-german-uni-towns/

Last year's big debate in Germany surrounding the Heating Act and the resulting uncertainty has already had a strong impact on residential property valuations, according to property portal IMMOBI...

https://www.refire-online.com/markets/energy-efficient-resi-housing-spites-downward-price-trend/

We're beginning to get some concrete figures now on the extent to which working from home is impacting on the demand for office space in Germany. A new study by the IFO INSTITUTE and property con...

https://www.refire-online.com/markets/german-office-demand-to-fall-by-12-percent-by-2030/

PHOENIX SPREE DEUTSCHLAND (PSD), the London-listed investor in Berlin residential real estate, has been teeing up a series of property sales with a view to repaying debt and for investment in exi...

https://www.refire-online.com/companies/phoenix-spree-ramps-up-sales-activity-in-berlin-resi/

Sentiment among Germany's residential builders was lower than it has ever been in January, according to the monthly survey of Munich-based IFO INSTITUTE.

https://www.refire-online.com/investment/sentiment-in-the-residential-construction-sector-all-time-low/

Figures released by the VERBAND DEUTSCHER PFANDBRIEFBANKEN (VDP), the Association of Pfandbrief-issuing banks, highlight the substantial year-end decline in German property prices.

https://www.refire-online.com/investment/vdp-index-flags-dive-in-german-property-values/