the german property market
DESCRIPTION
The German Property Market. 41th UIPI Congress, Vienna RA Dr. Kai H. Warnecke Haus & Grund Deutschland. German real estate sector. Net Asset Value: approx. 9.000.000.000.000 € 22% of all German enterprises 10% of all employed persons 7.5% of the national business volume (turnover) - PowerPoint PPT PresentationTRANSCRIPT
The German Property Market
41th UIPI Congress, ViennaRA Dr. Kai H. WarneckeHaus & Grund Deutschland
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German real estate sector
• Net Asset Value: approx. 9.000.000.000.000 €
• 22% of all German enterprises
• 10% of all employed persons
• 7.5% of the national business volume (turnover)
• Annual gross value added: approx. 389.5 bill. €
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Private owners in the German real estate sector
Owner occupiers in international comparison
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Private owners in the German real estate sector
• Private owners represent approx. 77 % of
German dwelling stock
• Private landlords and owner-occupiers invest
more than 73 billion Euro annually
• This is about 36 % of the turnover of the
construction sector with it’s 2.2 million
employees.
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Perspectives (I.): households (number and size)
Forecast: 2030: 41,1 households / 43,4 % single
Perspectives (II.): population
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Consequences (I.): rents
~ -4½ %
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Consequences (II.): empty apartments
Challenges (I.): city development
• Shrinking population (- 13,5 mil. until 2050)• Re-development of inner city quarters• Involvement of private property owners• Subsidies by BMVBS / Launch of KiQ
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Challenges (II.): conversions for seniors
• Raising number of seniors• 2005: 32 p. retired per 100 p. labour force• 2030: 52 p. retired per 100 p. labour force• need for conversion for seniors• 2011: only 1% of all units are suitable for seniors
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Haus & Grund clubs and KfW run study projects
Challenges (III.): energetic modernisation
• Raising prices for gas /oil• Renewable energy are enforced by law (4 level)• Haus & Grund lobbies• Great success: Change of tenancy law
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